Mutual of America Capital Management LLC Reduces Stake in Oracle Corporation

Mutual of America Capital Management LLC has reduced its investment in Oracle Corporation (NYSE:ORCL - Free Report) by 2.2% during the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). After selling 4,285 shares during the quarter, the investment firm now holds 192,514 shares of the enterprise software provider. Oracle represents approximately 0.3% of Mutual of America Capital Management LLC's overall portfolio, positioning it as the 27th largest investment within the fund. As per the recent SEC filings, the value of Mutual of America Capital Management LLC's holdings in Oracle stands at around $32,081,000.

Recent Moves by Other Investors

Other institutional investors and hedge funds have also been active regarding their stakes in Oracle. For example, Activest Wealth Management increased its position in Oracle by 21.9% during the third quarter, now owning 312 shares valued at $53,000 after adding 56 shares. Additionally, Second Line Capital LLC boosted its Oracle stake by 1.5%, bringing its total to 3,816 shares worth $650,000 following the purchase of 58 extra shares during the quarter. Similarly, Cadence Bank and Requisite Capital Management LLC expanded their Oracle holdings by 0.8% and 2.8%, respectively, during the same periods. Currently, 42.44% of Oracle's stock is owned by various hedge funds and institutional investors.

Performance of Oracle Shares

On Friday, shares of Oracle opened at $166.09. The stock has a 50-day moving average of $168.93 and a 200-day moving average of $168.36. Over the past year, Oracle's stock has reached a low of $110.36 and a high of $198.31. The company's market capitalization is approximately $464.55 billion, with a PE ratio of 40.61. The firm reported a twelve-month revenue growth of 8.6% compared to the previous year, with a net margin of 21.16%.

Oracle's Financial Results and Dividend Declaration

Oracle's recent earnings report, posted on December 9, revealed an earnings per share (EPS) of $1.47, missing the analysts' estimates by $0.01. During the same quarter, the company achieved revenue of $14.06 billion, slightly below expectations of $14.12 billion. Following its earnings report, Oracle declared a quarterly dividend of $0.40 per share, which was distributed to stockholders of record on January 23. This equates to an annualized dividend of $1.60 and a yield of 0.96%. The payout ratio stands at 39.12%.

Insider Trading Activities

In other news, CEO Safra Catz conducted a significant sale of Oracle shares, offloading 2,101,154 shares on January 22 at an average price of $185.35, amounting to a total transaction value of approximately $389 million. Following this sale, her stake in Oracle is 1,118,592 shares, estimated to be worth around $207 million. This transaction represents a 65.26% reduction in her position within the company. Insider ownership currently constitutes about 42.20% of Oracle's equity.

Analyst Ratings and Market Outlook

Analysts have recently shared varied ratings on Oracle's stock. Monness Crespi & Hardt downgraded Oracle from a "neutral" to a "sell" rating with a price target of $130.00. Conversely, Piper Sandler set a higher target price range of $185.00 to $210.00 and maintained an "overweight" rating. Morgan Stanley and Citigroup have also adjusted their target prices upward, further adding to the diverse views on Oracle's market potential. Currently, the stock holds a consensus rating of "Moderate Buy" with an average target price of $182.73 according to MarketBeat.com.

About Oracle Corporation

Oracle Corporation provides a wide range of products and services aimed at catering to enterprise information technology needs in the global market. Its software offerings include various cloud applications across different sectors, such as enterprise resource planning (ERP), human capital management, and healthcare solutions.

Mutual, America, Oracle