Oracle Co. (NYSE:ORCL) Shares Sold by Westmount Partners LLC

Westmount Partners LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,980 shares of the enterprise software provider’s stock after selling 1,388 shares during the period. Oracle accounts for approximately 1.0% of Westmount Partners LLC’s holdings, making the stock its 21st biggest position. Westmount Partners LLC’s holdings in Oracle were worth $3,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its stake in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC grew its stake in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares in the last quarter. Cadence Bank grew its stake in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC grew its stake in shares of Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after acquiring an additional 64 shares in the last quarter. Finally, W Advisors LLC lifted its position in Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ORCL shares. KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. BMO Capital Markets upped their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Down 0.7 %

NYSE:ORCL traded down $1.07 on Monday, reaching $153.43. 4,206,283 shares of the stock traded hands, compared to its average volume of 7,292,929. The firm has a market capitalization of $429.14 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company’s 50 day moving average is $177.62 and its 200-day moving average is $161.04. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $105.42 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS. Equities research analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Oracle Company Profile

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.