Sigma Investment Counselors Inc. Has $529,000 Stake in Oracle Co. (NYSE:ORCL)

Sigma Investment Counselors Inc. lowered its position in shares of Oracle Co. (NYSE:ORCLGet Rating) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,064 shares of the enterprise software provider’s stock after selling 272 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Oracle were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Savant Capital LLC grew its holdings in Oracle by 8.5% during the fourth quarter. Savant Capital LLC now owns 33,681 shares of the enterprise software provider’s stock valued at $2,937,000 after purchasing an additional 2,627 shares during the period. Buckhead Capital Management LLC grew its holdings in Oracle by 1.8% during the fourth quarter. Buckhead Capital Management LLC now owns 25,107 shares of the enterprise software provider’s stock valued at $2,190,000 after purchasing an additional 439 shares during the period. Main Street Financial Solutions LLC grew its holdings in Oracle by 11.7% during the fourth quarter. Main Street Financial Solutions LLC now owns 4,278 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 447 shares during the period. Venturi Wealth Management LLC lifted its stake in Oracle by 3.1% in the fourth quarter. Venturi Wealth Management LLC now owns 8,270 shares of the enterprise software provider’s stock valued at $721,000 after buying an additional 246 shares in the last quarter. Finally, Ervin Investment Management LLC bought a new position in Oracle in the fourth quarter valued at approximately $1,636,000. Hedge funds and other institutional investors own 42.33% of the company’s stock.

In other news, Director Renee Jo James sold 6,000 shares of the stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $84.11, for a total value of $504,660.00. Following the transaction, the director now directly owns 41,886 shares of the company’s stock, valued at $3,523,031.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.10% of the stock is owned by corporate insiders.

ORCL has been the topic of a number of research reports. Bank of America cut their price target on shares of Oracle from $105.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, March 11th. Stifel Nicolaus cut their price target on shares of Oracle from $87.00 to $83.00 in a research note on Friday, March 11th. Credit Suisse Group set a $115.00 price target on shares of Oracle in a research note on Friday, March 11th. Exane BNP Paribas raised shares of Oracle from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 29th. Finally, BMO Capital Markets cut their price objective on shares of Oracle from $115.00 to $92.00 and set a “market perform” rating on the stock in a research report on Friday, March 11th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Hold” and a consensus price target of $93.09.

Shares of ORCL opened at $76.98 on Tuesday. The firm has a market capitalization of $205.39 billion, a PE ratio of 29.49, a PEG ratio of 2.48 and a beta of 0.84. The company’s 50-day moving average is $78.99 and its 200-day moving average is $86.47. Oracle Co. has a fifty-two week low of $70.23 and a fifty-two week high of $106.34.

Oracle (NYSE:ORCLGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The enterprise software provider reported $1.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.05). The company had revenue of $10.51 billion during the quarter, compared to the consensus estimate of $10.51 billion. Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. Oracle’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 4.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 21st. Stockholders of record on Friday, April 8th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, April 7th. Oracle’s payout ratio is presently 49.04%.

Oracle Profile (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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