Johnson Bixby & Associates LLC Sells 100 Shares of Oracle Co. (NYSE:ORCL)

Johnson Bixby & Associates LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,400 shares of the enterprise software provider’s stock after selling 100 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in Oracle were worth $567,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fred Alger Management LLC lifted its position in shares of Oracle by 5.4% during the second quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock valued at $3,808,000 after purchasing an additional 1,388 shares in the last quarter. AXA S.A. boosted its stake in shares of Oracle by 11.0% in the 2nd quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock worth $70,897,000 after buying an additional 49,694 shares during the last quarter. APG Asset Management US Inc. grew its holdings in shares of Oracle by 1.8% in the second quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock valued at $110,731,000 after acquiring an additional 13,732 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Oracle by 6.9% during the second quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock valued at $231,368,000 after acquiring an additional 114,084 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Oracle by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock worth $1,015,862,000 after acquiring an additional 66,444 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several research analyst reports. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. KeyCorp raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Guggenheim boosted their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler upped their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Up 1.0 %

ORCL stock opened at $186.08 on Friday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The stock has a market cap of $520.44 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50 day moving average is $174.43 and its 200 day moving average is $162.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business posted $1.34 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Oracle 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.