Proffitt & Goodson Inc. Lowers Holdings in Oracle Co. (NYSE:ORCL)

Proffitt & Goodson Inc. lessened its stake in Oracle Co. (NYSE:ORCL) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,605 shares of the enterprise software provider’s stock after selling 241 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Oracle were worth $1,267,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter valued at about $44,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Guggenheim upped their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a research note on Monday, February 10th. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Piper Sandler boosted 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. Finally, Evercore ISI upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

Shares of ORCL stock opened at $166.09 on Friday. Oracle Co. has a 1-year low of $110.36 and a 1-year high of $198.31. The stock’s 50-day moving average is $168.93 and its 200 day moving average is $168.36. The company has a market cap of $464.55 billion, a P/E ratio of 40.61, a PEG ratio of 3.46 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued 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 business had revenue of $14.06 billion during 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%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.