Roffman Miller Associates Inc. PA Trims Holdings in Oracle Co. (NYSE:ORCL)

Roffman Miller Associates Inc. PA reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 41.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 54,065 shares of the enterprise software provider’s stock after selling 38,931 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Oracle were worth $9,009,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. New World Advisors LLC boosted its holdings in shares of Oracle by 27.7% in the 4th quarter. New World Advisors LLC now owns 4,065 shares of the enterprise software provider’s stock valued at $677,000 after buying an additional 882 shares in the last quarter. Dover Advisors LLC boosted its stake in Oracle by 2.1% during the 4th quarter. Dover Advisors LLC now owns 8,196 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 172 shares during the period. B&D White Capital Company LLC acquired a new stake in Oracle during the 4th quarter worth $700,000. Cape ANN Savings Bank boosted its stake in Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after purchasing an additional 65 shares during the period. Finally, Colonial River Investments LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $767,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. BMO Capital Markets lifted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given 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 a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Down 4.6 %

Shares of NYSE ORCL opened at $167.92 on Monday. The stock has a market cap of $469.66 billion, a PE ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05. The business has a fifty day moving average of $168.99 and a two-hundred day moving average of $167.58. Oracle Co. has a 52-week low of $109.66 and a 52-week high of $198.31. 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 announced 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 firm 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 for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.