Clarius Group LLC Reduces Its Stake in Oracle Co. (NYSE:ORCL)

Clarius Group LLC has reduced its investment in Oracle Co. (NYSE:ORCL - Free Report) by 8.0% during the fourth quarter, as detailed in their recent 13F filing with the Securities and Exchange Commission. After selling 1,617 shares, Clarius Group now holds 18,681 shares of this renowned enterprise software provider, valued at approximately $3,113,000 at the close of the last quarter.

In addition to Clarius Group, several other significant investors have adjusted their stakes in Oracle. Oak Ridge Investments LLC significantly increased its holdings in Oracle by a staggering 2,255.7% in the fourth quarter. As a result, they now own 40,754 shares, worth about $6,791,000, after purchasing an additional 39,024 shares in the last quarter.

HF Advisory Group LLC, on the other hand, raised its position in Oracle by 2.6%, bringing its total to 15,104 shares with a value of $2,517,000 after acquiring an extra 386 shares during the same quarter. Similarly, BNC Wealth Management LLC increased its stake by 3.2%, now owning 30,475 shares worth around $5,078,000 after buying 939 more shares.

Sandy Cove Advisors LLC also lifted its investment in Oracle by 5.2%, now holding 2,612 shares valued at $435,000 after adding 128 shares. Lastly, Wealth Alliance Advisory Group LLC grew its holdings by 7.5%, owning 18,666 shares priced at $3,111,000 following the acquisition of an additional 1,306 shares. Overall, institutional investors, including hedge funds, own about 42.44% of Oracle's stock.

Current Performance of Oracle Stock

As of Friday, shares of Oracle opened at $161.05. The company has a quick ratio of 0.81, a current ratio of 0.81, and a significant debt-to-equity ratio of 5.65. Over the past year, Oracle has witnessed a 52-week low of $106.51 and a high of $198.31. The stock currently has a fifty-day moving average of $175.44 and a two-hundred-day moving average of $161.34. With a market capitalization of $450.44 billion, Oracle enjoys a P/E ratio of 39.38, a PEG ratio of 3.03, and a beta of 1.06.

Recent Earnings Report and Dividend Announcement

Oracle recently published its quarterly earnings data on December 9th. The company reported earnings of $1.47 per share, which was slightly below analysts' expectations of $1.48. Revenue for the quarter was reported at $14.06 billion, again missing the estimates of $14.12 billion. Despite these misses, Oracle demonstrated a net margin of 21.16% and an impressive return on equity of 133.25%, with revenues up by 8.6% year-over-year compared to the same quarter the previous year, where earnings stood at $1.34 per share. Analysts forecast that Oracle will achieve earnings per share of 5.01 for the current year.

Furthermore, Oracle declared a quarterly dividend recently, which was paid on January 9th. Stockholders recorded on January 23rd received a dividend of $0.40, with an ex-dividend date of January 10th. This dividend represents an annualized rate of $1.60, providing a yield of 0.99%. Presently, Oracle's dividend payout ratio is 39.12%.

Analyst Ratings for Oracle

Many research firms have examined Oracle's stock performance recently. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00, while also assigning an “outperform” rating to the stock. StockNews.com upgraded Oracle from a “hold” to a “buy” rating. Cantor Fitzgerald initiated coverage with an “overweight” rating and set a price target at $214.00. Mizuho adjusted their target price from $185.00 to $210.00, labeling it as “outperform.” Lastly, Morgan Stanley modified their price target from $145.00 to $175.00 and assigned an “equal weight” rating. Currently, the stock has mixed ratings from analysts, including one sell rating, ten hold ratings, eighteen buy recommendations, and two strong buy ratings. The average rating stands at “Moderate Buy,” with a consensus price target of $182.73.

About Oracle Corporation

Oracle Corporation offers a range of products and services to cater to enterprise information technology needs globally. Their cloud software as a service (SaaS) includes various applications such as Oracle Fusion Cloud for enterprise resource planning (ERP), performance management, supply chain management, and healthcare solutions, among others.

Discover more about Oracle's investment landscape and its potential within the technology sector.

Oracle, Investments, Stocks