Northstar Advisory Group LLC Has $640,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Northstar Advisory Group LLC lowered its position in Oracle Co. (NYSE:ORCL) by 53.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,075 shares of the enterprise software provider’s stock after selling 7,099 shares during the period. Northstar Advisory Group LLC’s holdings in Oracle were worth $640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. BlackRock Inc. boosted its position in Oracle by 3.0% during the second quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock worth $14,365,308,000 after purchasing an additional 3,494,674 shares during the period. State Street Corp boosted its position in Oracle by 1.5% during the second quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after purchasing an additional 928,013 shares during the period. Morgan Stanley boosted its position in Oracle by 9.6% during the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after purchasing an additional 1,794,080 shares during the period. Finally, Northern Trust Corp boosted its position in Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’s 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 in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Oracle Price Performance

ORCL opened at $125.33 on Thursday. The stock has a 50-day moving average price of $116.00 and a 200-day moving average price of $111.37. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $344.47 billion, a PE ratio of 33.03, a P/E/G ratio of 2.45 and a beta of 1.00. Oracle Co. has a 1 year low of $89.71 and a 1 year high of $132.77.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. Oracle’s dividend payout ratio is currently 42.22%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price target 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. The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler lowered their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Wolfe Research lowered their target price on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock 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.