Oracle Co. (NYSE:ORCL) Stock Holdings Lowered by Concentric Capital Strategies LP

Concentric Capital Strategies LP cut its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 56.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,319 shares of the enterprise software provider's stock after selling 26,126 shares during the period. Concentric Capital Strategies LP's holdings in Oracle were worth $3,386,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its position in shares of Oracle by 41.2% during the 4th quarter. CoreCap Advisors LLC now owns 17,290 shares of the enterprise software provider's stock valued at $2,881,000 after acquiring an additional 5,046 shares during the last quarter. Cornerstone Select Advisors LLC acquired a new position in shares of Oracle in the 4th quarter worth $454,000. Capital Advantage Inc. acquired a new stake in shares of Oracle during the fourth quarter worth $1,392,000. Cetera Investment Advisers lifted its holdings in shares of Oracle by 5.1% during the fourth quarter. Cetera Investment Advisers now owns 427,885 shares of the enterprise software provider's stock valued at $71,303,000 after purchasing an additional 20,816 shares during the last quarter. Finally, Cercano Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $3,188,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 in the last 90 days. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on ORCL shares. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Royal Bank of Canada set a $145.00 target price on Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. DA Davidson lowered their price target on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $174.42.

Oracle Stock Up 1.1 %

Shares of Oracle stock opened at $149.29 on Thursday. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. 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 stock has a 50 day moving average price of $142.49 and a two-hundred day moving average price of $163.36. The stock has a market capitalization of $417.56 billion, a P/E ratio of 36.50, a PEG ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.34%. Oracle's dividend payout ratio is presently 46.95%.

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.

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