Everett Harris & Co. CA Sells 100 Shares of Oracle Co. (NYSE:ORCL)

Everett Harris & Co. CA lessened its position in Oracle Co. (NYSE:ORCL) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 5,969 shares of the enterprise software provider’s stock after selling 100 shares during the quarter. Everett Harris & Co. CA’s holdings in Oracle were worth $629,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. LVM Capital Management Ltd. MI grew its stake in Oracle by 3.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after acquiring an additional 200 shares during the period. Quantum Private Wealth LLC purchased a new position in shares of Oracle during the third quarter valued at approximately $229,000. Cooper Financial Group boosted its position in shares of Oracle by 43.4% during the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after buying an additional 1,525 shares during the last quarter. Greenfield Savings Bank boosted its position in shares of Oracle by 7.8% during the third quarter. Greenfield Savings Bank now owns 9,034 shares of the enterprise software provider’s stock valued at $957,000 after buying an additional 656 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. 42.80% of the stock is owned by company insiders.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.29 during midday trading on Thursday, reaching $125.56. 6,586,560 shares of the company traded hands, compared to its average volume of 9,215,633. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12 month low of $89.71 and a 12 month high of $132.77. The firm has a market capitalization of $345.10 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. The firm’s fifty day moving average price is $116.38 and its two-hundred day moving average price is $111.47.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Analysts Set New Price Targets

Several research analysts have weighed in on ORCL shares. Evercore ISI cut their price objective on Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Morgan Stanley cut their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.