Baader Bank Aktiengesellschaft Cuts Stock Position in Oracle Co. (NYSE:ORCL)

Baader Bank Aktiengesellschaft trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,000 shares of the enterprise software provider’s stock after selling 1,463 shares during the quarter. Oracle accounts for 1.7% of Baader Bank Aktiengesellschaft’s holdings, making the stock its 7th biggest position. Baader Bank Aktiengesellschaft’s holdings in Oracle were worth $25,829,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter worth about $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter worth about $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of Oracle stock opened at $162.22 on Thursday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The business’s fifty day simple moving average is $173.36 and its 200 day simple moving average is $163.03. The firm has a market capitalization of $453.71 billion, a P/E ratio of 39.66, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore ISI boosted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Citigroup upped 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. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.