Oracle Co. (NYSE:ORCL) Shares Sold by Grant GrossMendelsohn LLC

Grant GrossMendelsohn LLC trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,279 shares of the enterprise software provider's stock after selling 2,105 shares during the quarter. Oracle accounts for 3.1% of Grant GrossMendelsohn LLC's portfolio, making the stock its 5th largest position. Grant GrossMendelsohn LLC's holdings in Oracle were worth $5,879,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. State Street Corp raised its holdings in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. boosted its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock worth $3,049,824,000 after purchasing an additional 310,709 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after buying an additional 54,868 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 0.9 %

Shares of ORCL stock traded up $1.51 during trading hours on Friday, hitting $161.05. 11,593,649 shares of the company were exchanged, compared to its average volume of 5,912,798. The company has a market capitalization of $450.44 billion, a PE ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The business has a 50 day moving average of $175.44 and a two-hundred day moving average of $161.34. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $14.12 billion. During the same period in the prior year, the business earned $1.34 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

Several brokerages have recently commented on ORCL. JMP Securities reissued a "market outperform" rating and issued a $205.00 target price on shares of Oracle 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 note on Friday, November 15th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research report on Friday. They issued an "overweight" rating and a $214.00 price objective for the company. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.