Malaga Cove Capital LLC Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

Malaga Cove Capital LLC reduced its position in Oracle Co. (NYSE:ORCL) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,825 shares of the enterprise software provider’s stock after selling 494 shares during the period. Oracle comprises approximately 1.0% of Malaga Cove Capital LLC’s holdings, making the stock its 27th largest position. Malaga Cove Capital LLC’s holdings in Oracle were worth $2,637,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. raised its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Westpark Capital initiated coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 target price on the stock. Piper Sandler reissued a “neutral” rating and issued a $130.00 price objective (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Stifel Nicolaus reduced their price objective on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Finally, JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $162.29 on Wednesday. The company has a market cap of $453.92 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a twelve month low of $114.55 and a twelve 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 company has a 50 day moving average of $142.26 and a two-hundred day moving average of $162.76.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the business earned $1.41 earnings per share. Oracle’s revenue was up 6.4% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders 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. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.

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.