Franklin Street Advisors Inc. NC Sells 18,357 Shares of Oracle Co. (NYSE:ORCL)

Franklin Street Advisors Inc. NC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 8.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,993 shares of the enterprise software provider’s stock after selling 18,357 shares during the quarter. Oracle accounts for about 2.1% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 11th biggest holding. Franklin Street Advisors Inc. NC’s holdings in Oracle were worth $31,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC increased its stake in Oracle by 2.2% during the 4th quarter. ORG Partners LLC now owns 6,005 shares of the enterprise software provider’s stock valued at $1,001,000 after purchasing an additional 130 shares in the last quarter. Baker Tilly Wealth Management LLC grew its stake in shares of Oracle by 7.3% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 19,584 shares of the enterprise software provider’s stock worth $3,264,000 after acquiring an additional 1,340 shares during the period. Fortitude Family Office LLC grew its stake in shares of Oracle by 16.7% in the fourth quarter. Fortitude Family Office LLC now owns 1,036 shares of the enterprise software provider’s stock worth $173,000 after acquiring an additional 148 shares during the period. Legacy Private Trust Co. bought a new stake in shares of Oracle in the fourth quarter worth approximately $278,000. Finally, First Hawaiian Bank grew its stake in shares of Oracle by 5.3% in the fourth quarter. First Hawaiian Bank now owns 43,417 shares of the enterprise software provider’s stock worth $7,235,000 after acquiring an additional 2,167 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 4.9 %

ORCL stock traded down $7.99 during mid-day trading on Friday, reaching $154.75. 5,268,340 shares of the stock traded hands, compared to its average volume of 6,375,557. The business has a 50-day moving average price of $177.93 and a two-hundred day moving average price of $160.63. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $432.83 billion, a PE ratio of 37.84, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a one year low of $103.54 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. Equities research analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.03%. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of analysts have recently commented on ORCL shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. KeyCorp raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Mizuho raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $181.48.

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.