Callan Capital LLC Sells 6,852 Shares of Oracle Co. (NYSE:ORCL)

Callan Capital LLC lessened its position in Oracle Co. (NYSE:ORCL) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,324 shares of the enterprise software provider’s stock after selling 6,852 shares during the period. Callan Capital LLC’s holdings in Oracle were worth $2,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Oracle by 298.4% during the 3rd 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 during the period. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Oracle by 1,268.0% during the 3rd 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 during the period. Finally, BOK Financial Private Wealth Inc. boosted its holdings in shares of Oracle by 139.4% during the 4th 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 during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Piper Sandler reduced their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. The Goldman Sachs Group lifted their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Up 2.0 %

Oracle stock opened at $117.21 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $93.29 and a 12-month high of $132.77. The firm’s fifty day moving average is $119.42 and its 200 day moving average is $113.11. The company has a market capitalization of $322.15 billion, a PE ratio of 30.93, a PEG ratio of 2.30 and a beta of 1.01.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.80% of the stock is currently owned by corporate insiders.

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.