Stolper Co Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Stolper Co lowered its position in shares of Oracle Co. (NYSE:ORCL) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,256 shares of the enterprise software provider’s stock after selling 241 shares during the period. Oracle accounts for approximately 3.2% of Stolper Co’s investment portfolio, making the stock its 5th biggest holding. Stolper Co’s holdings in Oracle were worth $9,708,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Axxcess Wealth Management LLC lifted its holdings in shares of Oracle by 6.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 28,203 shares of the enterprise software provider’s stock worth $3,982,000 after acquiring an additional 1,745 shares during the period. E Fund Management Co. Ltd. boosted its position in shares of Oracle by 32.2% during the 2nd quarter. E Fund Management Co. Ltd. now owns 26,279 shares of the enterprise software provider’s stock worth $3,711,000 after acquiring an additional 6,406 shares in the last quarter. Meridian Wealth Partners LLC raised its position in Oracle by 5.7% during the second quarter. Meridian Wealth Partners LLC now owns 2,740 shares of the enterprise software provider’s stock valued at $387,000 after purchasing an additional 148 shares in the last quarter. Finally, Argent Trust Co boosted its holdings in shares of Oracle by 7.2% in the 2nd quarter. Argent Trust Co now owns 104,852 shares of the enterprise software provider’s stock valued at $14,805,000 after purchasing an additional 7,025 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.3 %

Shares of ORCL stock opened at $158.35 on Thursday. Oracle Co. has a 52-week low of $105.42 and a 52-week high of $198.31. The company has a 50-day simple moving average of $176.99 and a two-hundred day simple moving average of $161.24. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $442.90 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 earnings per share. Research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. DA Davidson raised their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Tuesday, December 10th. Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, December 20th. Finally, Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.48.

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.