Oracle Co. (NYSE:ORCL) Stock Holdings Lessened by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,479 shares of the enterprise software provider’s stock after selling 1,333 shares during the period. Oracle accounts for approximately 1.0% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 26th biggest position. Adell Harriman & Carpenter Inc.’s holdings in Oracle were worth $14,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Oracle by 5.3% during the 3rd 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. McClarren Financial Advisors Inc. increased its position in Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after buying an additional 1,069 shares during the period. RMR Wealth Builders lifted its stake in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after buying an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after acquiring an additional 32,718 shares during the period. Finally, Crews Bank & Trust bought a new position in shares of Oracle during the fourth quarter worth about $1,800,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.2 %

Shares of NYSE ORCL opened at $173.50 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market cap of $485.27 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05. The business has a fifty day simple moving average of $169.69 and a 200-day simple moving average of $165.35.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). The firm 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

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. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ORCL. Evercore ISI lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Citigroup boosted their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Guggenheim boosted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.