Oracle Co. (NYSE:ORCL) Shares Sold by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,366 shares of the enterprise software provider’s stock after selling 75 shares during the period. Bridge Creek Capital Management LLC’s holdings in Oracle were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ORCL. Quest Partners LLC bought a new stake in Oracle during the second quarter worth approximately $40,000. Federated Hermes Inc. raised its position in shares of Oracle by 412.8% during the second quarter. Federated Hermes Inc. now owns 257,573 shares of the enterprise software provider’s stock worth $36,369,000 after purchasing an additional 207,340 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Oracle by 138.4% during the second quarter. Thoroughbred Financial Services LLC now owns 13,088 shares of the enterprise software provider’s stock valued at $1,848,000 after purchasing an additional 7,597 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of Oracle by 1.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 19,346 shares of the enterprise software provider’s stock valued at $2,732,000 after purchasing an additional 251 shares during the period. Finally, Williams Financial LLC purchased a new position in Oracle in the 2nd quarter worth about $2,647,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL stock traded down $1.37 during mid-day trading on Monday, reaching $153.13. The company’s stock had a trading volume of 4,700,922 shares, compared to its average volume of 7,351,775. The company has a market cap of $428.30 billion, a P/E ratio of 37.44, a PEG ratio of 3.39 and a beta of 1.06. The firm’s 50-day moving average is $177.62 and its two-hundred day moving average is $161.04. Oracle Co. has a 1-year low of $105.42 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company 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 firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. On average, research analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets lifted their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Mizuho upped their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, KeyCorp raised their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

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.