Oracle Co. (NYSE:ORCL) Shares Sold by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong lowered its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 98.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,800 shares of the enterprise software provider's stock after selling 540,700 shares during the period. CloudAlpha Capital Management Limited Hong Kong's holdings in Oracle were worth $717,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Key Financial Inc boosted its position in shares of Oracle by 6.1% during the 4th quarter. Key Financial Inc now owns 6,916 shares of the enterprise software provider's stock worth $729,000 after purchasing an additional 396 shares during the period. Telos Capital Management Inc. boosted its position in Oracle by 6.5% in the 4th quarter. Telos Capital Management Inc. now owns 48,074 shares of the enterprise software provider's stock valued at $5,068,000 after buying an additional 2,943 shares during the period. KLCM Advisors Inc. boosted its position in Oracle by 16.0% in the 4th quarter. KLCM Advisors Inc. now owns 3,629 shares of the enterprise software provider's stock valued at $383,000 after buying an additional 501 shares during the period. Rakuten Securities Inc. purchased a new position in Oracle in the 4th quarter valued at approximately $174,000. Finally, Guidance Capital Inc. boosted its position in Oracle by 20.3% in the 4th quarter. Guidance Capital Inc. now owns 4,241 shares of the enterprise software provider's stock valued at $441,000 after buying an additional 715 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the subject of several recent research reports. Piper Sandler decreased their price target on shares of Oracle from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, January 2nd. William Blair raised shares of Oracle from a "market perform" rating to an "outperform" rating in a research report on Tuesday, March 12th. The Goldman Sachs Group raised their price target on shares of Oracle from $115.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Erste Group Bank reissued a "hold" rating on shares of Oracle in a research report on Friday, December 22nd. Finally, StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Thursday, March 21st. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $130.76.

Oracle Stock Performance

Shares of ORCL stock traded down $1.95 during trading hours on Wednesday, hitting $118.67. The stock had a trading volume of 5,348,468 shares, compared to its average volume of 8,624,893. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $326.16 billion, a PE ratio of 31.31, a PEG ratio of 2.32 and a beta of 1.01. The stock's 50 day moving average is $119.28 and its 200 day moving average is $112.78. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analysts' expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. As a group, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle's dividend payout ratio is currently 42.22%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.80% of the stock is owned by company insiders.

Oracle 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.