Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 502 Shares of Oracle Co. (NYSE:ORCL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,208 shares of the enterprise software provider’s stock after selling 502 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Oracle were worth $247,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bison Wealth LLC grew its position in Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after buying an additional 91 shares during the period. MONECO Advisors LLC grew its position in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after buying an additional 94 shares during the period. Everhart Financial Group Inc. grew its position in Oracle by 1.4% during the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after buying an additional 96 shares during the period. Nicholas Hoffman & Company LLC. grew its position in Oracle by 1.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after buying an additional 98 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in Oracle by 0.5% during the third quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after buying an additional 100 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Up 0.6 %

ORCL traded up $0.64 during mid-day trading on Tuesday, hitting $115.17. 2,506,017 shares of the stock were exchanged, compared to its average volume of 8,494,492. The firm’s fifty day moving average is $119.21 and its two-hundred day moving average is $113.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The company has a market cap of $316.54 billion, a PE ratio of 30.22, a PEG ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities 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. Stockholders of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. Oracle’s dividend payout ratio is currently 42.22%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ORCL shares. KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Oppenheimer assumed coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. BMO Capital Markets upped their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Piper Sandler dropped their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.