Carmel Capital Partners LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

Carmel Capital Partners LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,661 shares of the enterprise software provider’s stock after selling 3,294 shares during the period. Oracle accounts for about 0.9% of Carmel Capital Partners LLC’s holdings, making the stock its 20th biggest position. Carmel Capital Partners LLC’s holdings in Oracle were worth $2,276,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its stake in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $34,000. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 2.7 %

NYSE:ORCL opened at $161.75 on Thursday. The firm has a market cap of $452.39 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $110.67 and a fifty-two week high of $198.31. The firm has a 50-day simple moving average of $168.31 and a two-hundred day simple moving average of $169.10.

Oracle (NYSE:ORCL) last announced 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was 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 presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent research reports. KeyCorp boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Morgan Stanley boosted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

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.