Oracle Co. (NYSE:ORCL) Position Lessened by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,237 shares of the enterprise software provider’s stock after selling 564 shares during the period. Beaumont Financial Advisors LLC’s holdings in Oracle were worth $1,185,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. State Street Corp raised its stake in shares of Oracle by 2.6% in the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock worth $5,815,566,000 after buying an additional 1,570,528 shares in the last quarter. Morgan Stanley raised its stake in shares of Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after buying an additional 1,794,080 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after buying an additional 635,994 shares during the period. Finally, Norges Bank acquired a new stake in shares of Oracle in the fourth quarter valued at $1,409,896,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 filing with the SEC, which is available through the SEC website. 42.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORCL. Oppenheimer began coverage on Oracle in a report on Thursday. They issued a “market perform” rating for the company. Piper Sandler cut their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. The Goldman Sachs Group upped their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Erste Group Bank restated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Finally, HSBC upped their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Performance

Shares of ORCL stock opened at $114.89 on Friday. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The stock’s 50-day moving average is $119.23 and its two-hundred day moving average is $112.85. The firm has a market cap of $315.78 billion, a P/E ratio of 30.31, a PEG ratio of 2.24 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the firm posted $0.96 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.39%. Oracle’s payout ratio is 42.22%.

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.