Oracle Co. (NYSE:ORCL) Shares Sold by Morton Capital Management LLC CA

Morton Capital Management LLC CA reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,372 shares of the enterprise software provider’s stock after selling 298 shares during the period. Morton Capital Management LLC CA’s holdings in Oracle were worth $1,562,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ORCL. Edge Wealth Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth $215,000. Salvus Wealth Management LLC grew its stake in Oracle by 42.0% during the 4th quarter. Salvus Wealth Management LLC now owns 4,847 shares of the enterprise software provider’s stock worth $808,000 after purchasing an additional 1,434 shares in the last quarter. Certified Advisory Corp increased its holdings in Oracle by 1.8% during the 4th quarter. Certified Advisory Corp now owns 4,600 shares of the enterprise software provider’s stock worth $767,000 after purchasing an additional 83 shares during the period. Ullmann Wealth Partners Group LLC raised its position in Oracle by 36.9% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 2,329 shares of the enterprise software provider’s stock valued at $388,000 after purchasing an additional 628 shares in the last quarter. Finally, Fermata Advisors LLC boosted its stake in shares of Oracle by 98.4% in the 4th quarter. Fermata Advisors LLC now owns 5,934 shares of the enterprise software provider’s stock valued at $989,000 after buying an additional 2,943 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Tuesday, December 10th. Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Guggenheim upped their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Price Performance

Shares of NYSE:ORCL opened at $159.73 on Friday. Oracle Co. has a one year low of $105.68 and a one year high of $198.31. The stock has a market capitalization of $446.76 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.03 and a beta of 1.06. The company has a 50-day simple moving average of $176.53 and a 200-day simple moving average of $161.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 earnings per share. On average, analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.00%. 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.