Oracle Co. (NYSE:ORCL) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lessened its position in Oracle Co. (NYSE:ORCL - Free Report) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 115,664 shares of the enterprise software provider's stock after selling 6,924 shares during the period. Oracle makes up 1.2% of Lmcg Investments LLC's investment portfolio, making the stock its 17th largest holding. Lmcg Investments LLC's holdings in Oracle were worth $19,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management grew its stake 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 purchasing an additional 56 shares during the period. Second Line Capital LLC boosted its holdings in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after buying an additional 58 shares in the last quarter. Cadence Bank grew its position in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after buying an additional 59 shares during the period. Eagle Rock Investment Company LLC increased its holdings in Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock valued at $3,003,000 after buying an additional 64 shares in the last quarter. Finally, W Advisors LLC lifted its position in shares of Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock valued at $368,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 7.3 %

Oracle stock traded up $11.79 during midday trading on Tuesday, reaching $172.82. The stock had a trading volume of 29,478,549 shares, compared to its average volume of 10,327,390. The stock has a market capitalization of $483.37 billion, a PE ratio of 42.25, a price-to-earnings-growth 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. The stock's 50-day simple moving average is $174.87 and its 200 day simple moving average is $161.70. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle's payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ORCL shares. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Citigroup increased their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, UBS Group raised their target price on shares of Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued 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 stock has an average rating of "Moderate Buy" and an average target price of $182.73.

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.