Quadrant Capital Group LLC Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Quadrant Capital Group LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,573 shares of the enterprise software provider’s stock after selling 2,054 shares during the quarter. Oracle makes up approximately 0.4% of Quadrant Capital Group LLC’s holdings, making the stock its 27th largest position. Quadrant Capital Group LLC’s holdings in Oracle were worth $6,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. 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 buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. boosted its stake in Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Oracle in the 4th quarter valued at about $1,800,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on ORCL. Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target on the stock. Barclays cut their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Piper Sandler reduced their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Stock Down 6.6 %

Shares of NYSE ORCL opened at $128.17 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50-day moving average price of $160.05 and a 200 day moving average price of $169.34. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The stock has a market capitalization of $358.48 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the firm earned $1.41 EPS. Oracle’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction 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 filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock valued at $453,791,001 in the last 90 days. 42.20% of the stock is currently owned by insiders.

Oracle Company Profile

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.