Kathmere Capital Management LLC Sells 93 Shares of Oracle Co. (NYSE:ORCL)

Kathmere Capital Management LLC reduced its position in Oracle Co. (NYSE:ORCL) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,400 shares of the enterprise software provider’s stock after selling 93 shares during the quarter. Kathmere Capital Management LLC’s holdings in Oracle were worth $2,066,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth about $27,000. Reston Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at about $44,000. Quest Partners LLC acquired a new stake in Oracle during the second quarter worth approximately $40,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the third quarter valued at about $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

NYSE:ORCL opened at $156.34 on Wednesday. The firm has a market capitalization of $437.28 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a fifty day moving average of $176.99 and a 200 day moving average of $161.24. Oracle Co. has a 52-week low of $105.42 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for 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 company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. On average, research analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ORCL shares. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Company 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.