Satovsky Asset Management LLC Has $250,000 Position in Oracle Co. (NYSE:ORCL)

Satovsky Asset Management LLC cut its position in Oracle Co. (NYSE:ORCL) by 4.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,501 shares of the enterprise software provider’s stock after selling 70 shares during the quarter. Satovsky Asset Management LLC’s holdings in Oracle were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its stake in 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. boosted its holdings 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 during the period. Reston Wealth Management LLC bought a new stake in shares of Oracle during the third quarter worth $44,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $47,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 1.0 %

Shares of ORCL stock opened at $181.51 on Thursday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a market capitalization of $507.68 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. The firm has a 50 day moving average price of $169.09 and a two-hundred day moving average price of $166.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research reports. Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. BMO Capital Markets increased their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. DA Davidson boosted their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus 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.