Oracle Co. (NYSE:ORCL) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 18.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,208 shares of the enterprise software provider’s stock after selling 502 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Oracle were worth $247,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Oracle in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC lifted its position in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 0.6 %

Oracle stock traded up $0.64 during trading hours on Tuesday, reaching $115.17. 2,506,017 shares of the company’s stock traded hands, compared to its average volume of 8,494,492. The firm has a market capitalization of $316.54 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.30 and a beta of 1.01. The firm’s 50 day moving average is $119.21 and its 200-day moving average is $113.00. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. On average, analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Oracle’s payout ratio is presently 42.22%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. HSBC lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. BMO Capital Markets lifted their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.