Core Alternative Capital Sells 614 Shares of Oracle Co. (NYSE:ORCL)

Core Alternative Capital lowered its position in Oracle Co. (NYSE:ORCL) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,662 shares of the enterprise software provider’s stock after selling 614 shares during the quarter. Core Alternative Capital’s holdings in Oracle were worth $444,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Oracle by 2.7% in 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 acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC increased its stake in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the last quarter. Franklin Resources Inc. increased its stake 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 valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related 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 value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ORCL. UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. DA Davidson raised 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. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Up 2.6 %

Shares of Oracle stock opened at $178.97 on Tuesday. The company’s fifty day simple moving average is $170.42 and its 200-day simple moving average is $164.68. The stock has a market capitalization of $500.58 billion, a PE ratio of 43.76, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued 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). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. As a group, equities 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 0.89%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

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.