Bryn Mawr Capital Management LLC Reduces Stake in Oracle Co. (NYSE:ORCL)

Bryn Mawr Capital Management LLC has reduced its ownership of Oracle Co. (NYSE:ORCL - Free Report) by 6.7% during the fourth quarter, as revealed in its latest filing with the Securities and Exchange Commission (SEC). Following the sale of 16,613 shares during the quarter, the fund now holds a total of 229,819 shares of the enterprise software company. This reduction means that Oracle represents roughly 2.1% of Bryn Mawr Capital Management LLC's total portfolio, making it the seventh largest holding in their investment lineup. By the end of the most recent quarter, their investments in Oracle were valued at approximately $38.3 million.

Other Hedge Fund Activities

In addition to Bryn Mawr, several other hedge funds have recently adjusted their positions in Oracle shares. Advisor OS LLC increased its stake by 20.0% during the fourth quarter, acquiring an additional 612 shares, leading to a total of 3,678 shares worth about $613,000. Denali Advisors LLC also added to its position, raising its holding by 0.5% with the addition of 150 shares, giving it a total of 29,112 shares valued at $4.85 million. Similarly, Kirtland Hills Capital Management LLC grew its investment by 1.5%, now owning 7,964 shares worth roughly $1.33 million. FFT Wealth Management LLC increased its stake in Oracle by 5.8%, acquiring 111 new shares, currently holding 2,020 shares valued at $337,000. Last but not least, Longbow Finance SA raised its position by 5.0%, adding 3,271 shares for a total of 69,077 shares valued at $11.51 million. Overall, institutional investors and hedge funds collectively own about 42.44% of Oracle's stock.

Analyst Opinions

Recent changes in analyst ratings reflect a diverse view on Oracle's future. KeyCorp raised its target price for Oracle stock from $190.00 to $200.00, maintaining an "overweight" rating in a report released on November 15th. Similarly, BMO Capital Markets increased their price target from $173.00 to $205.00 while retaining a "market perform" rating as per their research note dated December 10th. Cantor Fitzgerald, however, downgraded Oracle to an "overweight" status on February 10th. Evercore ISI also lifted their price objective from $190.00 to $200.00, maintaining an "outperform" rating in another note on December 10th. UBS Group raised its price target from $200.00 to $210.00, treating Oracle stock as a "buy". Currently, one equity analyst has assigned a sell rating, eleven suggest holding, eighteen advocate buying, and one gives a strong buy rating. MarketBeat data indicate that the consensus recommendation for Oracle is a "Moderate Buy," with an average target price set at $182.73.

Current Trading Status

As of Wednesday, Oracle shares opened at $168.51. The company boasts a market cap of $471.31 billion, with a price-to-earnings (P/E) ratio of 41.20 and a P/E-to-growth (P/E/G) ratio of 3.46, accompanied by a beta value of 1.05. The 50-day simple moving average stands at $168.94, while the 200-day average is $168.12. Oracle's stock has fluctuated between a yearly low of $109.79 and a high of $198.31. Financial metrics show a debt-to-equity ratio of 5.65, with both the current and quick ratios at 0.81.

Latest Earnings Report

Oracle recently reported its earnings on December 9th, indicating an earnings per share (EPS) of $1.47 for the quarter, falling short of analysts' forecasts of $1.48 by $0.01. The company achieved a return on equity of 133.25% and a net margin of 21.16%. In this quarter, Oracle's revenue reached $14.06 billion, slightly below expectations of $14.12 billion and up 8.6% year-over-year. Analysts project that Oracle will realize an EPS of 5 for the current financial year.

Dividend Declaration

Oracle also announced a quarterly dividend recently, which was distributed on January 9th. Shareholders who were on record by January 23rd received a dividend of $0.40, translating to an annualized dividend of $1.60, reflecting a yield of 0.95%. The ex-dividend date was January 10th, and Oracle's current payout ratio is 39.12%.

Insider Transactions

In related corporate news, Oracle's CEO, Safra Catz, sold 345,174 shares on January 24th at an average price of $185.56, totaling approximately $64 million. Post-transaction, she retains ownership of 1,118,592 shares worth around $207.57 million. This sale marked a 23.58% decrease in her holdings. Detailed information about this transaction is available in an SEC filing.

Oracle Company Overview

Oracle Corporation provides a range of products and services targeting enterprise technology solutions globally. It offers multiple cloud software applications, including Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Supply Chain Management, and various other services tailored for diverse sectors.

Oracle, Stocks, Investments