Oracle Co. (NYSE:ORCL) Shares Sold by Clarius Group LLC

Clarius Group LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,681 shares of the enterprise software provider’s stock after selling 1,617 shares during the period. Clarius Group LLC’s holdings in Oracle were worth $3,113,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Oak Ridge Investments LLC raised its holdings in shares of Oracle by 2,255.7% during the fourth quarter. Oak Ridge Investments LLC now owns 40,754 shares of the enterprise software provider’s stock worth $6,791,000 after purchasing an additional 39,024 shares during the last quarter. HF Advisory Group LLC raised its stake in shares of Oracle by 2.6% during the 4th quarter. HF Advisory Group LLC now owns 15,104 shares of the enterprise software provider’s stock valued at $2,517,000 after buying an additional 386 shares during the last quarter. BNC Wealth Management LLC raised its stake in shares of Oracle by 3.2% during the 4th quarter. BNC Wealth Management LLC now owns 30,475 shares of the enterprise software provider’s stock valued at $5,078,000 after buying an additional 939 shares during the last quarter. Sandy Cove Advisors LLC lifted its holdings in shares of Oracle by 5.2% in the 4th quarter. Sandy Cove Advisors LLC now owns 2,612 shares of the enterprise software provider’s stock valued at $435,000 after buying an additional 128 shares during the period. Finally, Wealth Alliance Advisory Group LLC grew its holdings in Oracle by 7.5% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 18,666 shares of the enterprise software provider’s stock worth $3,111,000 after acquiring an additional 1,306 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 0.9 %

Shares of NYSE:ORCL opened at $161.05 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The business has a fifty day moving average of $175.44 and a two-hundred day moving average of $161.34. The stock has a market cap of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 earnings per share. On average, research analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday. They issued an “overweight” rating and a $214.00 price objective for the company. Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Company 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.