Birch Capital Management LLC Cuts Stake in Oracle Co. (NYSE:ORCL)

Birch Capital Management LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,775 shares of the enterprise software provider’s stock after selling 962 shares during the period. Birch Capital Management LLC’s holdings in Oracle were worth $796,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Price Performance

Shares of ORCL traded down $3.27 during trading hours on Tuesday, reaching $162.42. 4,149,962 shares of the stock traded hands, compared to its average volume of 5,487,683. The company’s 50-day moving average price is $178.48 and its two-hundred day moving average price is $160.45. Oracle Co. has a 52-week low of $102.13 and a 52-week high of $198.31. The company has a market cap of $454.28 billion, a P/E ratio of 39.71, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.34 EPS. On average, analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

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.