Ewa LLC Sells 199 Shares of Oracle Co. (NYSE:ORCL)

Ewa LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,520 shares of the enterprise software provider’s stock after selling 199 shares during the quarter. Ewa LLC’s holdings in Oracle were worth $292,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ORCL. Wellington Management Group LLP lifted its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. raised its stake in Oracle by 5.7% in 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 last quarter. DNB Asset Management AS raised its stake in Oracle by 313.4% in the fourth quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after buying an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC raised its stake in Oracle by 26,602.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after buying an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Oracle by 35.2% in the third quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock valued at $331,221,000 after buying an additional 825,030 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE ORCL traded down $1.66 during trading on Monday, hitting $115.55. The company had a trading volume of 3,273,604 shares, compared to its average volume of 8,412,072. The company has a market cap of $317.59 billion, a P/E ratio of 30.93, a PEG ratio of 2.35 and a beta of 1.01. Oracle Co. has a 52 week low of $93.85 and a 52 week high of $132.77. The business’s 50-day moving average is $119.42 and its 200 day moving average is $113.16. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Piper Sandler cut their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, HSBC raised their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 42.80% of the stock is currently owned by corporate insiders.

Oracle Company 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.