Bryn Mawr Capital Management LLC Sells 16,613 Shares of Oracle Co. (NYSE:ORCL)

Bryn Mawr Capital Management LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 229,819 shares of the enterprise software provider’s stock after selling 16,613 shares during the quarter. Oracle makes up approximately 2.1% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 7th biggest holding. Bryn Mawr Capital Management LLC’s holdings in Oracle were worth $38,297,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Advisor OS LLC boosted its holdings in shares of Oracle by 20.0% in the 4th quarter. Advisor OS LLC now owns 3,678 shares of the enterprise software provider’s stock valued at $613,000 after purchasing an additional 612 shares in the last quarter. Denali Advisors LLC raised its holdings in shares of Oracle by 0.5% during the fourth quarter. Denali Advisors LLC now owns 29,112 shares of the enterprise software provider’s stock valued at $4,851,000 after purchasing an additional 150 shares during the period. Kirtland Hills Capital Management LLC grew its position in Oracle by 1.5% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 7,964 shares of the enterprise software provider’s stock valued at $1,327,000 after purchasing an additional 118 shares during the period. FFT Wealth Management LLC raised its position in Oracle by 5.8% in the 4th quarter. FFT Wealth Management LLC now owns 2,020 shares of the enterprise software provider’s stock valued at $337,000 after buying an additional 111 shares during the last quarter. Finally, Longbow Finance SA increased its position in shares of Oracle by 5.0% during the fourth quarter. Longbow Finance SA now owns 69,077 shares of the enterprise software provider’s stock valued at $11,511,000 after acquiring an additional 3,271 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ORCL shares. KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. BMO Capital Markets upped their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald cut Oracle to an “overweight” rating in a report on Monday, February 10th. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 0.9 %

Shares of ORCL opened at $168.51 on Wednesday. The company has a market capitalization of $471.31 billion, a P/E ratio of 41.20, a P/E/G ratio of 3.46 and a beta of 1.05. The firm’s 50 day simple moving average is $168.94 and its 200 day simple moving average is $168.12. Oracle Co. has a 1-year low of $109.79 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.