Romano Brothers AND Company Sells 545 Shares of Oracle Co. (NYSE:ORCL)

Romano Brothers AND Company cut its holdings in Oracle Co. (NYSE:ORCL) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,682 shares of the enterprise software provider’s stock after selling 545 shares during the quarter. Oracle comprises 1.1% of Romano Brothers AND Company’s portfolio, making the stock its 18th largest position. Romano Brothers AND Company’s holdings in Oracle were worth $8,612,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bridges Investment Management Inc. raised its position in shares of Oracle by 16.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 22,670 shares of the enterprise software provider’s stock valued at $3,201,000 after acquiring an additional 3,191 shares during the period. AE Wealth Management LLC boosted its position in shares of Oracle by 97.7% during the second quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock worth $7,912,000 after purchasing an additional 27,685 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Oracle by 36.0% during the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock worth $20,856,000 after purchasing an additional 39,107 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Oracle by 21.4% in the 2nd quarter. Sei Investments Co. now owns 1,296,012 shares of the enterprise software provider’s stock valued at $182,998,000 after buying an additional 228,440 shares during the period. Finally, Blue Whale Capital LLP bought a new stake in shares of Oracle in the 2nd quarter valued at $3,841,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

Shares of NYSE:ORCL opened at $161.05 on Friday. The company has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. 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 $175.44 and its 200 day simple moving average is $161.34. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly 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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm earned $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given 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 is currently 39.12%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Guggenheim raised their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.