Shell Asset Management Co. reduced its stake in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 39.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 49,556 shares of the enterprise software provider’s stock after selling 31,904 shares during the quarter. Shell Asset Management Co.’s holdings in Oracle were worth $4,322,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bellwether Advisors LLC grew its position in Oracle by 115.6% during the 3rd quarter. Bellwether Advisors LLC now owns 291 shares of the enterprise software provider’s stock worth $25,000 after purchasing an additional 156 shares during the period. NewSquare Capital LLC grew its position in Oracle by 183.5% during the 3rd quarter. NewSquare Capital LLC now owns 309 shares of the enterprise software provider’s stock worth $27,000 after purchasing an additional 200 shares during the period. Level Financial Advisors Inc. acquired a new stake in Oracle during the 4th quarter worth about $28,000. Outfitter Financial LLC acquired a new stake in Oracle during the 4th quarter worth about $43,000. Finally, Ahrens Investment Partners LLC acquired a new stake in Oracle during the 4th quarter worth about $44,000. 42.33% of the stock is currently owned by institutional investors.
ORCL has been the topic of several recent analyst reports. Cowen lowered their target price on shares of Oracle from $115.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 9th. Barclays set a $82.00 target price on shares of Oracle in a research note on Friday, March 11th. Jefferies Financial Group set a $80.00 target price on shares of Oracle in a research note on Tuesday, March 15th. BNP Paribas lowered shares of Oracle from a “neutral” rating to an “underperform” rating and set a $79.00 target price on the stock. in a research note on Tuesday, March 29th. Finally, Credit Suisse Group set a $115.00 target price on shares of Oracle in a research note on Friday, March 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.09.
Shares of ORCL stock traded down $2.74 on Friday, hitting $73.40. 7,946,947 shares of the stock traded hands, compared to its average volume of 6,329,109. The firm’s 50-day moving average price is $78.89 and its two-hundred day moving average price is $85.96. The stock has a market capitalization of $195.84 billion, a PE ratio of 28.12, a PEG ratio of 2.33 and a beta of 0.84. Oracle Co. has a twelve month low of $70.23 and a twelve month high of $106.34.
Oracle (NYSE:ORCL – Get Rating) last announced its quarterly earnings results on Thursday, March 10th. The enterprise software provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). The firm had revenue of $10.51 billion for the quarter, compared to analyst estimates of $10.51 billion. Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. As a group, equities research analysts expect that Oracle Co. will post 4.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Stockholders of record on Friday, April 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. Oracle’s payout ratio is 49.04%.
About Oracle (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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