MCF Advisors LLC Decreases Position in Oracle Co. (NYSE:ORCL)

MCF Advisors LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,054 shares of the enterprise software provider’s stock after selling 87 shares during the quarter. MCF Advisors LLC’s holdings in Oracle were worth $760,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Contour Asset Management LLC boosted its holdings in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the last quarter. Sandy Spring Bank raised its position in shares of Oracle by 1.4% in the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after purchasing an additional 1,107 shares in the last quarter. Hancock Whitney Corp boosted its stake in shares of Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares during the last quarter. LVM Capital Management Ltd. MI grew its position in shares of Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares in the last quarter. Finally, Heritage Wealth Advisors increased its stake in shares of Oracle by 0.6% in the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. UBS Group lifted their price target on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Guggenheim reaffirmed a “buy” rating and set a $175.00 target price on shares of Oracle in a report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a report on Tuesday. Finally, TD Cowen raised their price objective on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Up 0.7 %

ORCL stock traded up $1.02 during mid-day trading on Friday, hitting $141.20. The stock had a trading volume of 25,814,821 shares, compared to its average volume of 11,264,646. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The company has a fifty day moving average of $125.24 and a 200 day moving average of $117.96. The stock has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.54 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 earnings per share. On average, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Transactions at Oracle

In related news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,639 shares of company stock valued at $53,002,729. 42.80% of the stock is owned by corporate 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.