Caledonia Investments PLC Sells 92,000 Shares of Oracle Co. (NYSE:ORCL)

Caledonia Investments PLC lessened its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 667,100 shares of the enterprise software provider's stock after selling 92,000 shares during the period. Oracle accounts for approximately 13.3% of Caledonia Investments PLC's portfolio, making the stock its biggest position. Caledonia Investments PLC's holdings in Oracle were worth $111,199,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth about $44,000. Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $40,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth about $51,000. Finally, Friedenthal Financial acquired a new stake in shares of Oracle during the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ORCL. BNP Paribas raised Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Melius raised Oracle from a "hold" rating to a "buy" rating and set a $210.00 target price for the company in a research report on Monday, September 16th. DA Davidson lifted their target price on Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Finally, Melius Research raised Oracle from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average price target of $181.48.

Oracle Stock Performance

NYSE ORCL traded down $8.78 on Friday, reaching $154.36. The stock had a trading volume of 13,585,915 shares, compared to its average volume of 7,721,826. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a 12-month low of $103.54 and a 12-month high of $198.31. The business's 50-day moving average price is $177.93 and its 200 day moving average price is $160.63. The stock has a market cap of $431.74 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. Oracle's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is currently 39.12%.

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.