Chevy Chase Trust Holdings LLC Cuts Position in Oracle Co. (NYSE:ORCL)

Chevy Chase Trust Holdings LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 870,834 shares of the enterprise software provider’s stock after selling 13,210 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Oracle were worth $145,116,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ORCL. R Squared Ltd purchased a new position in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% in the fourth 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 in the last quarter. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter valued at $44,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $174.08 on Friday. The firm has a market capitalization of $486.89 billion, a P/E ratio of 42.56, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1-year low of $106.51 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. The business’s 50-day simple moving average is $169.94 and its 200-day simple moving average is $165.29.

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). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. Equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s payout ratio is currently 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the firm’s 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating 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. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.