Fort Washington Investment Advisors Inc. OH Cuts Stake in Oracle Co. (NYSE:ORCL)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,602,071 shares of the enterprise software provider's stock after selling 20,259 shares during the period. Oracle accounts for approximately 1.6% of Fort Washington Investment Advisors Inc. OH's investment portfolio, making the stock its 8th biggest position. Fort Washington Investment Advisors Inc. OH owned approximately 0.06% of Oracle worth $266,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ORCL. Winch Advisory Services LLC lifted its position in 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 purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter valued at approximately $44,000. Avondale Wealth Management bought a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Friedenthal Financial bought a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Activest Wealth Management boosted its holdings in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after buying an additional 56 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ORCL. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a report on Tuesday, December 10th. KeyCorp raised their target price on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Citigroup lifted their price objective on Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Finally, Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $182.73.

Oracle Trading Up 6.7 %

Shares of ORCL traded up $11.61 during midday trading on Wednesday, hitting $184.18. 47,954,213 shares of the stock were exchanged, compared to its average volume of 13,300,613. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock has a fifty day simple moving average of $174.54 and a 200 day simple moving average of $161.90. The firm has a market cap of $515.14 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.16 and a beta of 1.06. 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 (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 company had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter last year, the business posted $1.34 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.87%. 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.