Oak Asset Management LLC Sells 225 Shares of Oracle Co. (NYSE:ORCL)

Oak Asset Management LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,675 shares of the enterprise software provider’s stock after selling 225 shares during the period. Oracle comprises 2.3% of Oak Asset Management LLC’s holdings, making the stock its 10th biggest holding. Oak Asset Management LLC’s holdings in Oracle were worth $6,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Principal Financial Group Inc. increased its stake in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. RMR Wealth Builders increased its position in shares of Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $4,160,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

NYSE ORCL opened at $153.73 on Tuesday. The stock has a 50-day simple moving average of $177.30 and a 200 day simple moving average of $161.13. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31. The stock has a market capitalization of $429.98 billion, a PE ratio of 37.59, a P/E/G ratio of 3.39 and a beta of 1.06. 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 (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. Research analysts anticipate that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.04%. Oracle’s dividend payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ORCL. Stifel Nicolaus upped their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. BMO Capital Markets lifted their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

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.