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

Bryn Mawr Capital Management LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,790 shares of the enterprise software provider’s stock after selling 160 shares during the period. Oracle accounts for approximately 1.5% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 12th largest position. Bryn Mawr Capital Management LLC’s holdings in Oracle were worth $24,648,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ORCL. Orion Capital Management LLC bought a new position in Oracle in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle in the third quarter worth about $27,000. Cornerstone Planning Group LLC raised its stake in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. raised its stake in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is available through this link. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Performance

NYSE ORCL opened at $117.21 on Friday. The firm has a market cap of $322.15 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a 50-day moving average price of $119.42 and a 200-day moving average price of $113.11. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORCL. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Piper Sandler decreased their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Finally, The Goldman Sachs Group boosted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $130.76.

About Oracle

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.