Keystone Wealth Services LLC Cuts Stake in Oracle Co. (NYSE:ORCL)

Keystone Wealth Services LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,888 shares of the enterprise software provider’s stock after selling 155 shares during the quarter. Keystone Wealth Services LLC’s holdings in Oracle were worth $315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC raised its position in Oracle by 89.7% in 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 in the last quarter. TFC Financial Management Inc. raised its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $47,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the firm’s 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 directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $161.91 on Tuesday. The stock’s 50-day moving average price is $168.79 and its 200 day moving average price is $169.01. 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 stock has a market capitalization of $452.86 billion, a PE ratio of 39.59, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. Oracle Co. has a 52-week low of $110.36 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Stifel Nicolaus boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.