Douglas Lane & Associates LLC Cuts Position in Oracle Co. (NYSE:ORCL)

Douglas Lane & Associates LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 566,388 shares of the enterprise software provider’s stock after selling 16,900 shares during the period. Oracle comprises about 1.3% of Douglas Lane & Associates LLC’s holdings, making the stock its 19th largest holding. Douglas Lane & Associates LLC’s holdings in Oracle were worth $94,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its position in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. Second Line Capital LLC grew its holdings in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after buying an additional 58 shares in the last quarter. Cadence Bank grew its holdings in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after buying an additional 59 shares in the last quarter. Eagle Rock Investment Company LLC increased its position in Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after acquiring an additional 64 shares during the period. Finally, W Advisors LLC boosted its position in Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.6 %

NYSE:ORCL traded up $1.03 during trading hours on Wednesday, reaching $163.06. The company’s stock had a trading volume of 4,252,926 shares, compared to its average volume of 5,948,594. Oracle Co. has a one year low of $102.72 and a one year high of $198.31. The business’s 50-day moving average is $178.25 and its 200-day moving average is $160.59. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market cap of $456.07 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued 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 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 business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. Equities research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Oracle’s payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. BMO Capital Markets increased their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Finally, KeyCorp lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.