Yousif Capital Management LLC Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Yousif Capital Management LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 209,749 shares of the enterprise software provider’s stock after selling 10,883 shares during the period. Yousif Capital Management LLC’s holdings in Oracle were worth $34,953,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares during the period. RMR Wealth Builders grew its stake in Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC grew its stake in Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the period. Crews Bank & Trust bought a new position in Oracle in the 4th quarter valued at $1,800,000. Finally, Chase Investment Counsel Corp bought a new position in Oracle in the 3rd quarter valued at $4,160,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of Oracle stock opened at $167.98 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $469.83 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The business’s 50-day moving average price is $171.50 and its 200-day moving average price is $163.79. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORCL. Evercore ISI upped their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Morgan Stanley upped their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald began coverage on Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.