Courier Capital LLC Cuts Holdings in Oracle Co. (NYSE:ORCL)

Courier Capital LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 68,672 shares of the enterprise software provider’s stock after selling 801 shares during the period. Courier Capital LLC’s holdings in Oracle were worth $7,240,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Oracle in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in Oracle during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its stake in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the last quarter. Finally, BluePath Capital Management LLC purchased a new position in Oracle during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.9 %

ORCL opened at $125.28 on Thursday. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $116.00 and a 200-day simple moving average of $111.37. The stock has a market capitalization of $344.33 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.45 and a beta of 1.00. Oracle Co. has a 12 month low of $89.48 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the business posted $0.96 EPS. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group dropped their price target on Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, December 12th. The Goldman Sachs Group raised their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Erste Group Bank restated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. BMO Capital Markets raised their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is currently owned by company insiders.

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.