Stableford Capital II LLC Sells 116 Shares of Oracle Co. (NYSE:ORCL)

Stableford Capital II LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,659 shares of the enterprise software provider’s stock after selling 116 shares during the quarter. Stableford Capital II LLC’s holdings in Oracle were worth $943,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC raised its stake in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Reston Wealth Management LLC bought a new stake in Oracle in the 3rd quarter valued at about $44,000. Synergy Asset Management LLC purchased a new stake in Oracle during the fourth quarter valued at about $47,000. Finally, Avondale Wealth Management bought a new position in Oracle during the third quarter worth about $51,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $169.91 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a market capitalization of $475.24 billion, a P/E ratio of 41.54, a PEG ratio of 3.19 and a beta of 1.06. The stock has a 50 day moving average price of $171.89 and a two-hundred day moving average price of $163.26.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued 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 0.94%. Oracle’s dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus 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.