JLB & Associates Inc. Sells 8,369 Shares of Oracle Co. (NYSE:ORCL)

JLB & Associates Inc. cut its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,769 shares of the enterprise software provider's stock after selling 8,369 shares during the quarter. Oracle comprises approximately 4.2% of JLB & Associates Inc.'s portfolio, making the stock its 3rd largest holding. JLB & Associates Inc.'s holdings in Oracle were worth $31,290,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after acquiring an additional 56 shares during the period. Second Line Capital LLC increased its holdings in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after acquiring an additional 58 shares during the period. Cadence Bank increased its holdings in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after acquiring an additional 59 shares during the period. Requisite Capital Management LLC increased its holdings in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after acquiring an additional 60 shares during the period. Finally, McLean Asset Management Corp boosted its position in shares of Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL stock traded down $8.08 on Friday, reaching $167.92. 9,693,812 shares of the company were exchanged, compared to its average volume of 12,127,484. Oracle Co. has a 12 month low of $109.66 and a 12 month high of $198.31. The stock's fifty day moving average price is $169.10 and its 200 day moving average price is $166.74. The firm has a market capitalization of $469.66 billion, a PE ratio of 41.06, a PEG ratio of 3.57 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last announced 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 company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the firm posted $1.34 EPS. The company's revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle's dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. Royal Bank of Canada restated a "sector perform" rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Citigroup raised their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of Oracle in a research report on Friday, January 17th. They set an "overweight" rating and a $214.00 price objective for the company. Finally, UBS Group raised their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.73.

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.