Claro Advisors LLC Reduces Stake in Oracle Corporation

Claro Advisors LLC has reduced its holdings in Oracle Corporation (NYSE:ORCL) by 30.5% during the fourth quarter, as detailed in their latest 13F filing with the Securities and Exchange Commission. Following a sale of 6,542 shares, the fund now owns a total of 14,937 shares of the enterprise software provider. At the end of the reporting period, Claro Advisors LLC's holdings in Oracle were valued at approximately $2,489,000.

Institutional Activities in Oracle

Several other institutional investors have also made significant moves in Oracle shares. For instance, International Assets Investment Management LLC increased its stake dramatically by 16,023.4% during the third quarter, now owning 2,065,083 shares worth about $351,890,000 after acquiring an additional 2,052,275 shares in the prior quarter. Similarly, Franklin Resources Inc. raised its holdings by 11.6%, gaining 1,917,416 shares to reach a total of 18,480,384 shares worth around $3,370,640,000. State Street Corp increased its position by 2.7%, now holding 70,441,556 shares valued at approximately $12,003,241,000 after a purchase of 1,847,561 shares. Moreover, Altshuler Shaham Ltd expanded its stake by an astonishing 5,853.1% in the second quarter, bringing its total to 1,552,580 shares worth about $219,224,000. Lastly, Geode Capital Management LLC saw a 2.6% increase in its position after acquiring 885,041 shares, resulting in total holdings of 35,194,683 shares valued at around $5,977,015,000. Currently, institutional investors own 42.44% of Oracle stock.

Recent Trading Performance

On a recent trading day, Oracle shares saw a slight decline of 0.7%, dropping $1.01 to $153.49. Throughout the day, 5,285,580 shares changed hands, a notable figure compared to the average trading volume of 7,441,910 shares. With a market capitalization of $429.30 billion, Oracle's stock has fluctuated between a 52-week low of $105.42 and a high of $198.31. The company’s financial health is reflected in its quick ratio of 0.72, a current ratio of 0.81, and a debt-to-equity ratio of 5.65, showing a balance between assets, liabilities, and shareholder equity. Additionally, Oracle has a price-to-earnings (PE) ratio of 37.53 and a price-to-earnings-to-growth (P/E/G) ratio of 3.39, with a beta of 1.06, indicating a moderate level of risk in its stock price movement compared to the market.

Quarterly Earnings Announcement

Oracle's most recent earnings report was announced on December 9th. The enterprise software company revealed an earnings per share (EPS) of $1.47 for the quarter, which fell short of the consensus estimate of $1.48 by one cent. The total revenue reported was $14.06 billion, slightly below the projected $14.12 billion. Despite missing the expectations, Oracle posted a net margin of 21.16% and a remarkable return on equity of 133.25%. Year-over-year, the company's revenue grew by 8.6%, compared to $1.34 EPS from the same period last year. Analysts predict Oracle will achieve an EPS of 5.03 for the current fiscal year.

Dividend Announcement

Recently, Oracle announced a quarterly dividend of $0.40 per share, payable on January 9th to stockholders of record as of January 23rd. This equates to an annual dividend of $1.60 and a yield of 1.04%. The ex-dividend date was set for January 10th, while Oracle's dividend payout ratio currently stands at 39.12%.

Analyst Ratings and Forecasts

In the realm of analyst assessments, several equity research analysts have recently provided updates on Oracle shares. Melius Research upgraded Oracle's rating from “hold” to “buy” with a price target set at $210. Similarly, Sanford C. Bernstein raised its price target from $201.00 to $202.00, giving the stock an “outperform” rating. Morgan Stanley adjusted its price target from $145.00 to $175.00 with an “equal weight” rating following its latest research. UBS Group has also increased its target price from $200.00 to $210.00, affirming a “buy” rating for the shares. Overall, Oracle has received ratings with one sell, eleven hold, seventeen buy, and one strong buy from investment analysts. The current average rating stands at “Moderate Buy” with an estimated price target of $181.48, according to data from MarketBeat.com.

Overview of Oracle Corporation

Oracle Corporation is a major player in the global enterprise technology sector, offering a wide range of products and services that cater to various information technology environments. Its cloud software services include a suite of applications such as Oracle Fusion for enterprise resource planning (ERP), performance management, supply chain management, human capital management, healthcare, and advertising services alongside the NetSuite applications suite.

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