Oracle Co. (NYSE:ORCL) Stock Holdings Lessened by Grant GrossMendelsohn LLC

Grant GrossMendelsohn LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,279 shares of the enterprise software provider’s stock after selling 2,105 shares during the quarter. Oracle accounts for approximately 3.1% of Grant GrossMendelsohn LLC’s investment portfolio, making the stock its 5th largest position. Grant GrossMendelsohn LLC’s holdings in Oracle were worth $5,879,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ORCL. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC bought a new position in Oracle during the third quarter valued at $44,000. Avondale Wealth Management purchased a new stake in shares of Oracle in the third quarter valued at $51,000. Friedenthal Financial bought a new stake in shares of Oracle in the 3rd quarter worth about $51,000. Finally, Activest Wealth Management boosted its stake in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ORCL shares. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. KeyCorp lifted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

ORCL stock opened at $161.05 on Friday. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day simple moving average of $176.00 and a two-hundred day simple moving average of $161.21.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid 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 yield of 0.99%. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.