Proffitt & Goodson Inc. Sells 241 Shares of Oracle Co. (NYSE:ORCL)

Proffitt & Goodson Inc. trimmed its position in Oracle Co. (NYSE:ORCL) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,605 shares of the enterprise software provider’s stock after selling 241 shares during the period. Proffitt & Goodson Inc.’s holdings in Oracle were worth $1,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. TFC Financial Management Inc. lifted its stake in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Reston Wealth Management LLC bought a new position in Oracle during the 3rd quarter valued at $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the 4th quarter worth $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ORCL. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets lifted their target price 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. Citigroup upped their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Stifel Nicolaus lifted their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Up 0.8 %

Shares of NYSE:ORCL opened at $166.09 on Friday. Oracle Co. has a 12-month low of $110.36 and a 12-month 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 stock’s 50-day moving average price is $168.93 and its 200-day moving average price is $168.36. The stock has a market capitalization of $464.55 billion, a P/E ratio of 40.61, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05.

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 analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations 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 last year, the company posted $1.34 EPS. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Oracle 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.