Oracle Co. (NYSE:ORCL) Position Trimmed by Raub Brock Capital Management LP

Raub Brock Capital Management LP decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 126,855 shares of the enterprise software provider's stock after selling 3,051 shares during the period. Oracle comprises approximately 4.5% of Raub Brock Capital Management LP's portfolio, making the stock its 5th biggest holding. Raub Brock Capital Management LP's holdings in Oracle were worth $21,139,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bridges Investment Management Inc. grew its position in shares of Oracle by 16.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 22,670 shares of the enterprise software provider's stock worth $3,201,000 after buying an additional 3,191 shares during the last quarter. AE Wealth Management LLC lifted its stake in Oracle by 97.7% in the second quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider's stock worth $7,912,000 after acquiring an additional 27,685 shares during the period. Pacer Advisors Inc. boosted its holdings in Oracle by 36.0% in the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider's stock valued at $20,856,000 after acquiring an additional 39,107 shares in the last quarter. Sei Investments Co. increased its position in Oracle by 21.4% during the 2nd quarter. Sei Investments Co. now owns 1,296,012 shares of the enterprise software provider's stock valued at $182,998,000 after purchasing an additional 228,440 shares during the period. Finally, Blue Whale Capital LLP bought a new position in Oracle in the 2nd quarter worth $3,841,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of NYSE ORCL traded up $1.51 during trading on Friday, reaching $161.05. 11,593,649 shares of the company traded hands, compared to its average volume of 5,912,798. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50 day simple moving average of $175.44 and a 200-day simple moving average of $161.46. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock has a market capitalization of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06.

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 the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 EPS. Equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on ORCL. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Stifel Nicolaus upped their target price on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.