Barlow Wealth Partners Inc. Sells 1,395 Shares of Oracle Co. (NYSE:ORCL)

Barlow Wealth Partners Inc. reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 49.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,424 shares of the enterprise software provider’s stock after selling 1,395 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Oracle were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC raised its stake in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the last quarter. Franklin Resources Inc. boosted its position in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after acquiring an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Oracle by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after acquiring an additional 54,868 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. DA Davidson raised their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. 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 company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of NYSE ORCL opened at $172.82 on Wednesday. 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 has a fifty day simple moving average of $174.87 and a two-hundred day simple moving average of $161.70. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a market cap of $483.37 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 3.16 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 for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS. Analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 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.