Franklin Street Advisors Inc. NC Has $31.83 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Franklin Street Advisors Inc. NC decreased its position in Oracle Co. (NYSE:ORCL) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 190,993 shares of the enterprise software provider’s stock after selling 18,357 shares during the period. Oracle makes up 2.1% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 11th largest position. Franklin Street Advisors Inc. NC’s holdings in Oracle were worth $31,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC grew its position in shares of Oracle by 2.2% during the 4th quarter. ORG Partners LLC now owns 6,005 shares of the enterprise software provider’s stock worth $1,001,000 after purchasing an additional 130 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in shares of Oracle by 7.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 19,584 shares of the enterprise software provider’s stock worth $3,264,000 after purchasing an additional 1,340 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of Oracle by 16.7% during the 4th quarter. Fortitude Family Office LLC now owns 1,036 shares of the enterprise software provider’s stock worth $173,000 after purchasing an additional 148 shares in the last quarter. Legacy Private Trust Co. acquired a new position in shares of Oracle during the 4th quarter worth approximately $278,000. Finally, First Hawaiian Bank grew its position in shares of Oracle by 5.3% during the 4th quarter. First Hawaiian Bank now owns 43,417 shares of the enterprise software provider’s stock worth $7,235,000 after purchasing an additional 2,167 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ORCL shares. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Evercore ISI increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Finally, Mizuho increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Down 4.9 %

Shares of ORCL stock traded down $7.99 on Friday, hitting $154.75. 5,268,340 shares of the company’s stock traded hands, compared to its average volume of 6,375,557. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a one year low of $103.54 and a one year high of $198.31. The company’s fifty day simple moving average is $177.93 and its 200 day simple moving average is $160.63. The stock has a market capitalization of $432.83 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. Equities analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

About Oracle

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.