Courier Capital LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,672 shares of the enterprise software provider’s stock after selling 4,738 shares during the quarter. Courier Capital LLC’s holdings in Oracle were worth $2,784,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Csenge Advisory Group purchased a new stake in shares of Oracle during the 3rd quarter valued at $25,000. Massey Quick Simon & CO. LLC grew its stake in shares of Oracle by 220.9% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after acquiring an additional 413 shares during the period. Mondrian Capital Management LLC bought a new position in shares of Oracle during the 4th quarter worth $45,000. Cordasco Financial Network grew its stake in shares of Oracle by 225.0% during the 4th quarter. Cordasco Financial Network now owns 1,300 shares of the enterprise software provider’s stock worth $59,000 after acquiring an additional 900 shares during the period. Finally, Edge Wealth Management LLC grew its stake in shares of Oracle by 101.3% during the 4th quarter. Edge Wealth Management LLC now owns 1,590 shares of the enterprise software provider’s stock worth $72,000 after acquiring an additional 800 shares during the period. 46.80% of the stock is currently owned by institutional investors.
ORCL has been the subject of several research reports. Nomura set a $53.00 price target on Oracle and gave the stock a “buy” rating in a research note on Wednesday, December 12th. BMO Capital Markets downgraded Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price target for the company. in a research note on Friday. Barclays downgraded Oracle from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $60.00 to $55.00 in a research note on Wednesday, January 9th. UBS Group reiterated a “neutral” rating and set a $51.00 price target on shares of Oracle in a research note on Tuesday, December 18th. Finally, Atlantic Securities initiated coverage on Oracle in a research note on Wednesday, January 9th. They set an “underweight” rating and a $45.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.77.
Shares of NYSE ORCL opened at $52.94 on Friday. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $53.47. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $219.15 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.75 and a beta of 1.08.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 3.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.96 annualized dividend and a yield of 1.81%. This is an increase from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio (DPR) is currently 26.95%.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $46.42, for a total value of $174,075.00. Following the completion of the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,298,320.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 6,302 shares of Oracle stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $43.24, for a total value of $272,498.48. Following the sale, the executive vice president now owns 77,919 shares of the company’s stock, valued at approximately $3,369,217.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,552 shares of company stock valued at $1,945,486. 32.00% of the stock is owned by corporate insiders.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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