Sage Mountain Advisors LLC Sells 176 Shares of Oracle Co. (NYSE:ORCL)

Sage Mountain Advisors LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 13,713 shares of the enterprise software provider’s stock after selling 176 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Oracle were worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC boosted its holdings in shares of Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after acquiring an additional 883 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Oracle by 2.3% in the 3rd quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock valued at $395,295,000 after acquiring an additional 53,128 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Oracle in the 3rd quarter valued at $436,000. Finally, United Bank boosted its holdings in shares of Oracle by 4.8% in the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after acquiring an additional 519 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $148.87 on Tuesday. Oracle Co. has a 12-month low of $111.18 and a 12-month high of $198.31. The stock has a market cap of $416.38 billion, a P/E ratio of 36.40, a PEG ratio of 3.46 and a beta of 1.07. The company has a 50-day moving average price of $167.27 and a 200 day moving average price of $169.58. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

Several research firms have recently commented on ORCL. KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Mizuho increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.73.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.