Addison Capital Co Sells 268 Shares of Oracle Co. (NYSE:ORCL)

Addison Capital Co lessened its position in shares of Oracle Co. (NYSE:ORCL) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,008 shares of the enterprise software provider’s stock after selling 268 shares during the quarter. Oracle makes up approximately 3.9% of Addison Capital Co’s investment portfolio, making the stock its 4th largest holding. Addison Capital Co’s holdings in Oracle were worth $9,833,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ORCL. Activest Wealth Management boosted its holdings in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares in the last quarter. Second Line Capital LLC increased its stake in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank lifted its stake in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares in the last quarter. Requisite Capital Management LLC grew its holdings in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after buying an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. raised its holdings in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. UBS Group restated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets dropped their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.71.

Oracle Trading Up 1.2 %

Shares of ORCL stock opened at $149.36 on Monday. The business has a 50-day moving average price of $165.80 and a two-hundred day moving average price of $169.85. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $417.76 billion, a P/E ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.34%. Oracle’s payout ratio is currently 46.95%.

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.