Oracle Co. (NYSE:ORCL) Shares Sold by Grassi Investment Management

Grassi Investment Management lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,395 shares of the enterprise software provider’s stock after selling 950 shares during the period. Oracle comprises 1.4% of Grassi Investment Management’s portfolio, making the stock its 16th largest holding. Grassi Investment Management’s holdings in Oracle were worth $16,397,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ORCL. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter valued at $27,000. Quest Partners LLC acquired a new stake in shares of Oracle during the second quarter valued at $40,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management acquired a new position in Oracle in the 3rd quarter valued at about $51,000. Finally, Friedenthal Financial acquired a new stake in shares of Oracle during the 3rd quarter worth about $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 0.6 %

Shares of Oracle stock traded down $0.93 during trading on Monday, reaching $153.57. The company had a trading volume of 4,971,780 shares, compared to its average volume of 7,395,279. The company has a market cap of $429.53 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. Oracle Co. has a fifty-two week low of $105.42 and a fifty-two week high of $198.31. The firm’s fifty day moving average is $177.62 and its 200-day moving average is $161.04. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors 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 annualized dividend and a yield of 1.04%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ORCL shares. 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. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Finally, Evercore ISI lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus 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.