Oracle Co. (NYSE:ORCL) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,201 shares of the enterprise software provider’s stock after selling 75 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Oracle were worth $1,700,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. RMR Wealth Builders increased its holdings in shares of Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after buying an additional 5,675 shares during the last quarter. Chase Investment Counsel Corp purchased a new position in shares of Oracle in the 3rd quarter worth $4,160,000. Oppenheimer Asset Management Inc. boosted its holdings in Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after acquiring an additional 126,985 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Oracle by 84.5% during the third quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock valued at $147,206,000 after acquiring an additional 395,613 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 0.9 %

Shares of NYSE ORCL opened at $161.05 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock’s 50 day moving average price is $175.44 and its two-hundred day moving average price is $161.58. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.16 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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 firm 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. On average, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed 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 dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Citigroup increased their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Jefferies Financial Group lifted their target price 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, Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.