Winslow Asset Management Inc. Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Winslow Asset Management Inc. decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,860 shares of the enterprise software provider’s stock after selling 4,399 shares during the quarter. Oracle makes up 4.3% of Winslow Asset Management Inc.’s portfolio, making the stock its 4th largest position. Winslow Asset Management Inc.’s holdings in Oracle were worth $21,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of 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 valued at $411,748,000 after buying an additional 121,874 shares during the period. McClarren Financial Advisors Inc. increased its position in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares during the period. RMR Wealth Builders raised its holdings in shares of 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 in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares during the period. Finally, Crews Bank & Trust bought a new position in shares of Oracle during the fourth quarter valued at approximately $1,800,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ORCL. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Piper Sandler upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 0.9 %

Shares of NYSE:ORCL opened at $168.51 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. Oracle Co. has a 12-month low of $109.79 and a 12-month high of $198.31. The business has a 50 day moving average of $168.94 and a two-hundred day moving average of $168.12. The company has a market capitalization of $471.31 billion, a PE ratio of 41.20, a PEG ratio of 3.46 and a beta of 1.05.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) 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.