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

Jacobs & Co. CA lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,021 shares of the enterprise software provider’s stock after selling 100 shares during the period. Jacobs & Co. CA’s holdings in Oracle were worth $1,336,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ORCL. Fairway Wealth LLC purchased a new stake in shares of Oracle in the second quarter worth about $27,000. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter worth approximately $44,000. Quest Partners LLC bought a new stake in Oracle during the second quarter worth approximately $40,000. Avondale Wealth Management bought a new stake in Oracle during the third quarter worth approximately $51,000. Finally, Friedenthal Financial bought a new stake in Oracle during the third quarter worth approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ORCL. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note 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 research note on Tuesday, December 10th. Jefferies Financial Group upped their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Performance

ORCL traded down $8.02 during midday trading on Friday, hitting $154.72. 8,472,566 shares of the company were exchanged, compared to its average volume of 6,944,575. The company’s 50 day simple moving average is $177.93 and its 200 day simple moving average is $160.63. The firm has a market capitalization of $432.75 billion, a price-to-earnings ratio of 37.83, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. 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 $103.54 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.03%. Oracle’s dividend payout ratio (DPR) is presently 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.