Satovsky Asset Management LLC Has $250,000 Stake in Oracle Co. (NYSE:ORCL)

Satovsky Asset Management LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,501 shares of the enterprise software provider’s stock after selling 70 shares during the quarter. Satovsky Asset Management LLC’s holdings in Oracle were worth $250,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Wealth Group Ltd. acquired a new stake in shares of Oracle in the third quarter valued at about $222,000. Howard Capital Management Group LLC lifted its position in shares of Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares during the last quarter. Stanley Laman Group Ltd. boosted its stake in Oracle by 43.5% during the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider’s stock valued at $440,000 after purchasing an additional 783 shares during the period. Tempus Wealth Planning LLC grew its holdings in Oracle by 3.1% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,931 shares of the enterprise software provider’s stock valued at $2,203,000 after buying an additional 391 shares during the last quarter. Finally, BLB&B Advisors LLC increased its position in Oracle by 3.5% in the 3rd quarter. BLB&B Advisors LLC now owns 6,655 shares of the enterprise software provider’s stock worth $1,134,000 after buying an additional 227 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective 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. Evercore ISI raised their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 1.0 %

ORCL opened at $181.51 on Thursday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a 50-day moving average price of $169.09 and a two-hundred day moving average price of $166.67. The stock has a market capitalization of $507.68 billion, a PE ratio of 44.38, a PEG ratio of 3.43 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

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.