Taylor Cottrill Erickson & Associates Inc. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,868 shares of the enterprise software provider’s stock after selling 2,342 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in Oracle were worth $3,155,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CAPROCK Group Inc. boosted its position in Oracle by 3.3% during the 4th quarter. CAPROCK Group Inc. now owns 62,638 shares of the enterprise software provider’s stock worth $2,828,000 after acquiring an additional 2,012 shares during the period. Park Avenue Securities LLC boosted its position in Oracle by 21.0% during the 4th quarter. Park Avenue Securities LLC now owns 7,862 shares of the enterprise software provider’s stock worth $380,000 after acquiring an additional 1,364 shares during the period. Massey Quick Simon & CO. LLC boosted its position in Oracle by 220.9% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after acquiring an additional 413 shares during the period. Signition LP boosted its position in Oracle by 33.6% during the 4th quarter. Signition LP now owns 5,379 shares of the enterprise software provider’s stock worth $243,000 after acquiring an additional 1,354 shares during the period. Finally, Hendershot Investments Inc. boosted its position in Oracle by 1.4% during the 4th quarter. Hendershot Investments Inc. now owns 186,492 shares of the enterprise software provider’s stock worth $8,420,000 after acquiring an additional 2,556 shares during the period. Institutional investors and hedge funds own 50.84% of the company’s stock.

A number of brokerages have issued reports on ORCL. Morgan Stanley lowered Oracle from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $57.00 to $53.00 in a research report on Tuesday, January 15th. Atlantic Securities began coverage on Oracle in a research report on Wednesday, January 9th. They set an “underweight” rating and a $45.00 price target for the company. Barclays lowered Oracle from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $60.00 to $55.00 in a research report on Wednesday, January 9th. Zacks Investment Research reiterated a “hold” rating on shares of Oracle in a research report on Monday, December 31st. Finally, Standpoint Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $42.69 price target for the company in a research report on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Oracle has an average rating of “Hold” and an average target price of $52.56.

ORCL opened at $51.03 on Friday. Oracle Co. has a one year low of $42.40 and a one year high of $53.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market capitalization of $211.24 billion, a PE ratio of 18.10, a PEG ratio of 1.70 and a beta of 1.09.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 17th. The enterprise software provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.52 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 3.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 30th. Stockholders of record on Wednesday, January 16th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, January 15th. Oracle’s dividend payout ratio is presently 26.95%.

In other news, EVP Dorian Daley sold 25,000 shares of the business’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president now directly owns 102,919 shares of the company’s stock, valued at $4,631,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $50.01, for a total value of $187,537.50. Following the sale, the director now directly owns 27,969 shares in the company, valued at $1,398,729.69. The disclosure for this sale can be found here. Insiders have sold 42,552 shares of company stock worth $1,939,861 over the last ninety days. 32.00% of the stock is owned by insiders.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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