Courier Capital LLC Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Courier Capital LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,573 shares of the enterprise software provider’s stock after selling 2,549 shares during the period. Courier Capital LLC’s holdings in Oracle were worth $10,427,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC increased its position in Oracle by 2.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 67,155 shares of the enterprise software provider’s stock worth $11,191,000 after buying an additional 1,438 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of Oracle by 272.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 65,699 shares of the enterprise software provider’s stock valued at $10,948,000 after acquiring an additional 48,047 shares during the last quarter. Northstar Advisory Group LLC increased its position in Oracle by 2.2% during the 4th quarter. Northstar Advisory Group LLC now owns 19,153 shares of the enterprise software provider’s stock worth $3,192,000 after purchasing an additional 406 shares in the last quarter. Sunflower Bank N.A. raised its stake in Oracle by 5.8% in the 4th quarter. Sunflower Bank N.A. now owns 4,071 shares of the enterprise software provider’s stock valued at $678,000 after purchasing an additional 223 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in Oracle by 2.1% in the 4th quarter. Sivia Capital Partners LLC now owns 3,409 shares of the enterprise software provider’s stock valued at $568,000 after purchasing an additional 70 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of Oracle stock traded down $0.77 on Monday, reaching $153.73. 8,328,626 shares of the company were exchanged, compared to its average volume of 7,901,509. The firm has a market cap of $429.98 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1-year low of $105.42 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The company’s 50-day moving average is $177.62 and its two-hundred day moving average is $161.04.

Oracle (NYSE:ORCL) last posted 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). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. As a group, research analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, DA Davidson boosted their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.48.

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.