Oracle Co. (NYSE:ORCL) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. cut its holdings in Oracle Co. (NYSE:ORCL) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,468 shares of the enterprise software provider’s stock after selling 1,741 shares during the period. ST Germain D J Co. Inc.’s holdings in Oracle were worth $3,744,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ORCL. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter worth approximately $27,000. Quest Partners LLC acquired a new position in Oracle during the 2nd quarter worth approximately $40,000. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter valued at $44,000. Avondale Wealth Management purchased a new stake in shares of Oracle during the third quarter worth about $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle in the 3rd quarter valued at approximately $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 4.9 %

Shares of ORCL traded down $8.00 during mid-day trading on Friday, hitting $154.74. 4,700,453 shares of the company’s stock were exchanged, compared to its average volume of 6,284,869. The company has a 50-day simple moving average of $177.93 and a 200 day simple moving average of $160.63. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 52 week low of $103.54 and a 52 week high of $198.31. The company has a market cap of $432.80 billion, a PE ratio of 37.83, a P/E/G ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $14.12 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ORCL. Stifel Nicolaus raised their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. DA Davidson upped their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $181.48.

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.