Oracle Co. (NYSE:ORCL) Stake Lowered by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 825,357 shares of the enterprise software provider’s stock after selling 55,136 shares during the quarter. Calamos Advisors LLC’s holdings in Oracle were worth $87,017,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Xponance Inc. grew its holdings in shares of Oracle by 2.6% in the 4th quarter. Xponance Inc. now owns 269,661 shares of the enterprise software provider’s stock worth $28,430,000 after acquiring an additional 6,924 shares during the last quarter. Flynn Zito Capital Management LLC lifted its position in shares of Oracle by 4.4% in the fourth quarter. Flynn Zito Capital Management LLC now owns 3,336 shares of the enterprise software provider’s stock worth $352,000 after buying an additional 140 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Oracle by 16.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 6,851 shares of the enterprise software provider’s stock worth $722,000 after buying an additional 988 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Oracle by 5.7% during the 4th quarter. Federated Hermes Inc. now owns 48,925 shares of the enterprise software provider’s stock worth $5,158,000 after purchasing an additional 2,620 shares during the last quarter. Finally, HF Advisory Group LLC increased its stake in Oracle by 43.6% during the fourth quarter. HF Advisory Group LLC now owns 8,554 shares of the enterprise software provider’s stock valued at $902,000 after acquiring an additional 2,596 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 2.2 %

ORCL stock traded down $2.67 during midday trading on Thursday, hitting $116.00. The stock had a trading volume of 6,639,153 shares, compared to its average volume of 8,598,366. The firm has a market cap of $318.83 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The business has a fifty day moving average price of $119.28 and a two-hundred day moving average price of $112.78.

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 the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ORCL shares. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. KeyCorp initiated coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, Piper Sandler decreased their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.80% of the company’s stock.

Oracle 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.