Oracle Co. (NYSE:ORCL) Stake Reduced by F&V Capital Management LLC

F&V Capital Management LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,600 shares of the enterprise software provider’s stock after selling 305 shares during the quarter. Oracle comprises 7.2% of F&V Capital Management LLC’s investment portfolio, making the stock its largest position. F&V Capital Management LLC’s holdings in Oracle were worth $27,262,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after acquiring an additional 2,052,275 shares during the period. Franklin Resources Inc. grew its holdings in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp lifted its holdings in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Oracle by 279.7% during the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after purchasing an additional 891,842 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of NYSE ORCL opened at $168.60 on Tuesday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The firm has a market capitalization of $471.57 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50 day moving average of $171.89 and a 200 day moving average of $163.58.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm earned $1.34 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 5 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. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus upped their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. 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 issued a strong buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Company 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.