Oracle Co. (NYSE:ORCL) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC lowered its stake in Oracle Co. (NYSE:ORCL) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,128 shares of the enterprise software provider’s stock after selling 575 shares during the period. Radnor Capital Management LLC’s holdings in Oracle were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Oracle by 0.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 36,783 shares of the enterprise software provider’s stock valued at $6,130,000 after acquiring an additional 183 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Oracle by 22.5% in the 4th quarter. Park Avenue Securities LLC now owns 29,095 shares of the enterprise software provider’s stock valued at $4,848,000 after purchasing an additional 5,352 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Oracle by 68.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 638,449 shares of the enterprise software provider’s stock valued at $106,391,000 after purchasing an additional 259,223 shares in the last quarter. San Luis Wealth Advisors LLC lifted its position in shares of Oracle by 1.4% during the 4th quarter. San Luis Wealth Advisors LLC now owns 5,375 shares of the enterprise software provider’s stock worth $896,000 after purchasing an additional 75 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in shares of Oracle during the fourth quarter worth $1,066,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of a number of analyst reports. UBS Group raised their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Mizuho increased their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Finally, Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Price Performance

Oracle stock opened at $156.34 on Wednesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a one year low of $105.42 and a one year high of $198.31. The company has a market cap of $437.28 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The business has a fifty day moving average of $176.99 and a two-hundred day moving average of $161.24.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.02%. Oracle’s dividend payout ratio is presently 39.12%.

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.