RNC Capital Management LLC Sells 405 Shares of Oracle Co. (NYSE:ORCL)

RNC Capital Management LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,038 shares of the enterprise software provider’s stock after selling 405 shares during the period. RNC Capital Management LLC’s holdings in Oracle were worth $3,483,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Orion Capital Management LLC bought a new position in Oracle during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle during the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its holdings in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the last quarter. Finally, Studio Investment Management LLC bought a new position in Oracle during the 4th quarter valued at about $42,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. UBS Group dropped their target price on shares of Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Down 0.9 %

Shares of NYSE ORCL opened at $125.28 on Thursday. The stock has a market cap of $344.33 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.45 and a beta of 1.00. The firm has a 50 day moving average price of $116.00 and a 200 day moving average price of $111.37. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52-week low of $89.48 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. Analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 42.80% of the stock is currently owned by insiders.

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.