Arcadia Investment Management Corp MI Cuts Stake in Oracle Co. (NYSE:ORCL)

Arcadia Investment Management Corp MI lowered its position in Oracle Co. (NYSE:ORCL - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,910 shares of the enterprise software provider's stock after selling 6,410 shares during the period. Arcadia Investment Management Corp MI's holdings in Oracle were worth $3,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ORCL. R Squared Ltd purchased a new position in Oracle in the 4th quarter worth about $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. raised its stake in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Reston Wealth Management LLC bought a new position in Oracle in the third quarter worth approximately $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $8.08 during trading on Friday, hitting $167.92. The stock had a trading volume of 9,693,812 shares, compared to its average volume of 12,127,484. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $109.66 and a 12-month high of $198.31. The stock has a market capitalization of $469.66 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The stock has a 50-day simple moving average of $169.10 and a two-hundred day simple moving average of $166.74.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio (DPR) is 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ORCL shares. BNP Paribas upgraded Oracle to a "strong-buy" rating 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 note on Tuesday, December 10th. Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Stifel Nicolaus boosted 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. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $182.73.

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.