Oracle Co. (NYSE:ORCL) Stock Position Cut by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY reduced its position in shares of Oracle Co. (NYSE:ORCL) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,952 shares of the enterprise software provider’s stock after selling 1,670 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Oracle were worth $1,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Franklin Resources Inc. boosted its position in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp grew its stake in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Oracle by 3,805.0% in the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after buying an additional 941,819 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Oracle by 279.7% during the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after purchasing an additional 891,842 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL stock opened at $166.09 on Friday. Oracle Co. has a 1-year low of $110.36 and a 1-year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $464.55 billion, a PE ratio of 40.61, a P/E/G ratio of 3.46 and a beta of 1.05. The business’s 50-day moving average price is $168.93 and its two-hundred day moving average price is $168.36.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Oracle Co. will post 5 earnings per share for the current 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 0.96%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ORCL. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Finally, KeyCorp raised their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

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.