Oracle Co. (NYSE:ORCL) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,201 shares of the enterprise software provider’s stock after selling 75 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Oracle were worth $1,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. boosted its stake in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp grew its position in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Altshuler Shaham Ltd increased its stake in Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after buying an additional 885,041 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Oracle stock opened at $161.05 on Tuesday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.16 and a beta of 1.06. The stock has a fifty day moving average of $175.44 and a two-hundred day moving average of $161.58. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Dividend Announcement

The company also recently announced 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 was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Evercore ISI boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. KeyCorp boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Cantor Fitzgerald initiated coverage on shares of Oracle in a research note on Friday. They issued an “overweight” rating and a $214.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price 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.