Sierra Summit Advisors LLC Has $934,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Sierra Summit Advisors LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,604 shares of the enterprise software provider’s stock after selling 167 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Oracle were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares in the last quarter. RMR Wealth Builders lifted its holdings in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after buying an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Oracle during the fourth quarter worth about $1,800,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of ORCL stock opened at $128.17 on Monday. The firm has a market capitalization of $358.48 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a fifty day moving average of $160.05 and a 200-day moving average of $169.38.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is presently 46.95%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ORCL shares. Citigroup cut their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Morgan Stanley reduced their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Evercore ISI lowered their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Finally, Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective for the company. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $178.65.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock worth $453,791,001 over the last quarter. 42.20% of the stock is currently owned by company 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.