Chickasaw Capital Management LLC Has $1.92 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Chickasaw Capital Management LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,212 shares of the enterprise software provider’s stock after selling 2,395 shares during the period. Chickasaw Capital Management LLC’s holdings in Oracle were worth $1,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Bison Wealth LLC increased its stake in shares of Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after purchasing an additional 91 shares during the last quarter. Founders Capital Management raised its stake in Oracle by 4.0% in the third quarter. Founders Capital Management now owns 2,443 shares of the enterprise software provider’s stock valued at $259,000 after buying an additional 93 shares during the period. MONECO Advisors LLC lifted its position in shares of Oracle by 1.1% in the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after buying an additional 94 shares during the last quarter. Mascoma Wealth Management LLC boosted its stake in shares of Oracle by 15.7% during the 3rd quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock worth $74,000 after acquiring an additional 95 shares during the period. Finally, TRUE Private Wealth Advisors increased its holdings in shares of Oracle by 2.2% during the 2nd quarter. TRUE Private Wealth Advisors now owns 4,477 shares of the enterprise software provider’s stock worth $533,000 after acquiring an additional 98 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 16,300 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the completion of the transaction, the director now owns 34,771 shares in the company, valued at approximately $3,686,421.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.80% of the stock is owned by insiders.

Oracle Trading Down 0.2 %

Shares of Oracle stock traded down $0.23 on Thursday, hitting $129.01. The stock had a trading volume of 17,838,319 shares, compared to its average volume of 9,397,839. Oracle Co. has a twelve month low of $87.44 and a twelve month high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $354.59 billion, a P/E ratio of 34.04, a PEG ratio of 2.50 and a beta of 1.00. The stock has a 50 day moving average of $114.31 and a 200 day moving average of $111.37.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ORCL shares. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. BMO Capital Markets upped their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Morgan Stanley cut their price objective on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 12th. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Erste Group Bank reissued a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

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.