Clarius Group LLC Cuts Stock Position in Oracle Co. (NYSE:ORCL)

Clarius Group LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,681 shares of the enterprise software provider’s stock after selling 1,617 shares during the quarter. Clarius Group LLC’s holdings in Oracle were worth $3,113,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oak Ridge Investments LLC boosted its position in Oracle by 2,255.7% in the 4th quarter. Oak Ridge Investments LLC now owns 40,754 shares of the enterprise software provider’s stock valued at $6,791,000 after buying an additional 39,024 shares during the period. HF Advisory Group LLC raised its stake in shares of Oracle by 2.6% in the fourth quarter. HF Advisory Group LLC now owns 15,104 shares of the enterprise software provider’s stock valued at $2,517,000 after acquiring an additional 386 shares in the last quarter. BNC Wealth Management LLC boosted its holdings in Oracle by 3.2% in the fourth quarter. BNC Wealth Management LLC now owns 30,475 shares of the enterprise software provider’s stock valued at $5,078,000 after purchasing an additional 939 shares during the period. Sandy Cove Advisors LLC grew its stake in Oracle by 5.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 2,612 shares of the enterprise software provider’s stock worth $435,000 after purchasing an additional 128 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC raised its position in Oracle by 7.5% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 18,666 shares of the enterprise software provider’s stock valued at $3,111,000 after purchasing an additional 1,306 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

NYSE:ORCL opened at $161.05 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’s 50 day simple moving average is $175.44 and its 200-day simple moving average is $161.34. The firm has a market cap of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given 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 0.99%. Oracle’s payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Evercore ISI boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. UBS Group raised their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus raised their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.