Bowman & Co S.C. Sells 200 Shares of Oracle Co. (NYSE:ORCL)

Bowman & Co S.C. reduced its position in Oracle Co. (NYSE:ORCL) by 9.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,973 shares of the enterprise software provider’s stock after selling 200 shares during the quarter. Bowman & Co S.C.’s holdings in Oracle were worth $329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. RMR Wealth Builders increased its stake in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in Oracle in the third quarter valued at about $4,160,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research analyst reports. DA Davidson upped their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group boosted their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

Shares of Oracle stock opened at $161.05 on Friday. The business has a 50-day simple moving average of $175.44 and a 200 day simple moving average of $161.34. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

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.