Kendall Capital Management Trims Stock Position in Oracle Co. (NYSE:ORCL)

Kendall Capital Management decreased its position in Oracle Co. (NYSE:ORCL) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,525 shares of the enterprise software provider’s stock after selling 203 shares during the period. Kendall Capital Management’s holdings in Oracle were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. increased its holdings 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 valued at $266,000 after buying an additional 1,069 shares in the last quarter. RMR Wealth Builders increased its holdings 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 in the last quarter. Foundations Investment Advisors LLC increased its holdings in Oracle by 24.8% in 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 buying an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in Oracle in the fourth quarter valued at $1,800,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $155.89 on Monday. Oracle Co. has a fifty-two week low of $111.18 and a fifty-two week high of $198.31. The firm’s 50 day moving average price is $167.63 and its 200 day moving average price is $169.51. The company has a market cap of $436.01 billion, a P/E ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. 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 (NYSE:ORCL) last announced 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. KeyCorp lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Mizuho lifted 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. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock 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.