Stableford Capital II LLC Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Stableford Capital II LLC reduced its position in Oracle Co. (NYSE:ORCL) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,659 shares of the enterprise software provider’s stock after selling 116 shares during the period. Stableford Capital II LLC’s holdings in Oracle were worth $943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Abundance Wealth Counselors boosted its holdings in shares of Oracle by 3.6% during the 4th quarter. Abundance Wealth Counselors now owns 11,448 shares of the enterprise software provider’s stock valued at $1,908,000 after acquiring an additional 400 shares during the last quarter. Brio Consultants LLC lifted its position in Oracle by 3.8% during the fourth quarter. Brio Consultants LLC now owns 3,318 shares of the enterprise software provider’s stock valued at $553,000 after purchasing an additional 123 shares during the period. Independence Bank of Kentucky boosted its holdings in Oracle by 8.4% in the fourth quarter. Independence Bank of Kentucky now owns 31,605 shares of the enterprise software provider’s stock worth $5,267,000 after purchasing an additional 2,447 shares during the last quarter. SeaBridge Investment Advisors LLC grew its position in Oracle by 3.3% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 44,865 shares of the enterprise software provider’s stock worth $7,476,000 after purchasing an additional 1,428 shares during the period. Finally, Western Financial Corp CA bought a new position in shares of Oracle during the 4th quarter valued at $2,430,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on 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 $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. UBS Group raised their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Finally, Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Down 0.3 %

ORCL opened at $169.91 on Friday. Oracle Co. has a 12 month low of $106.51 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 has a 50-day moving average of $171.89 and a 200 day moving average of $163.26. The firm has a market cap of $475.24 billion, a P/E ratio of 41.54, a P/E/G ratio of 3.19 and a beta of 1.06.

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 the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate 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 firm posted $1.34 EPS. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.