Malaga Cove Capital LLC Sells 1,615 Shares of Oracle Co. (NYSE:ORCL)

Malaga Cove Capital LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,765 shares of the enterprise software provider’s stock after selling 1,615 shares during the quarter. Malaga Cove Capital LLC’s holdings in Oracle were worth $2,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Bordeaux Wealth Advisors LLC increased its holdings in shares of Oracle by 2.5% in the fourth quarter. Bordeaux Wealth Advisors LLC now owns 5,780 shares of the enterprise software provider’s stock valued at $609,000 after purchasing an additional 141 shares during the last quarter. 9258 Wealth Management LLC boosted its holdings in shares of Oracle by 0.6% during the 4th quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock worth $9,519,000 after buying an additional 560 shares during the period. Carson Advisory Inc. bought a new position in Oracle in the 4th quarter valued at about $208,000. Benjamin F. Edwards & Company Inc. lifted its position in Oracle by 268.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 93,348 shares of the enterprise software provider’s stock worth $9,841,000 after acquiring an additional 68,020 shares during the last quarter. Finally, SouthState Corp boosted its holdings in shares of Oracle by 5.9% during the fourth quarter. SouthState Corp now owns 140,037 shares of the enterprise software provider’s stock worth $14,764,000 after acquiring an additional 7,864 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly 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 is accessible through this link. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded up $0.84 during trading on Friday, hitting $115.80. 4,484,976 shares of the company were exchanged, compared to its average volume of 6,128,065. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1-year low of $94.41 and a 1-year high of $132.77. The company has a market capitalization of $318.28 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The business’s 50 day moving average is $119.91 and its 200-day moving average is $113.32.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Analyst Ratings Changes

ORCL has been the subject of several research reports. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. KeyCorp initiated coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

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.