Mutual Advisors LLC Sells 1,366 Shares of Oracle Co. (NYSE:ORCL)

Mutual Advisors LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,245 shares of the enterprise software provider’s stock after selling 1,366 shares during the quarter. Mutual Advisors LLC’s holdings in Oracle were worth $10,409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC raised its position 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 valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. lifted its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of 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 valued at $3,049,824,000 after purchasing an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday. Citigroup upped their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. KeyCorp raised their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley upped their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

Shares of ORCL opened at $184.18 on Thursday. The stock has a fifty day moving average price of $174.43 and a 200-day moving average price of $162.05. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The firm has a market cap of $515.14 billion, a PE ratio of 45.03, a P/E/G ratio of 3.39 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 issued its quarterly earnings results 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 business had revenue of $14.06 billion for 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%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. Equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s payout ratio is currently 39.12%.

About Oracle

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.