Ridgewood Investments LLC Sells 1,408 Shares of Oracle Co. (NYSE:ORCL)

Ridgewood Investments LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,716 shares of the enterprise software provider’s stock after selling 1,408 shares during the period. Ridgewood Investments LLC’s holdings in Oracle were worth $619,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORCL. International Assets Investment Management LLC lifted its position in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the period. Franklin Resources Inc. lifted its position in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp lifted its position in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Altshuler Shaham Ltd lifted its position in shares of Oracle by 5,853.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after purchasing an additional 1,526,500 shares during the period. Finally, Geode Capital Management LLC lifted its position in Oracle by 2.6% during the 3rd 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 period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORCL shares. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Trading Down 4.9 %

ORCL stock traded down $7.99 during mid-day trading on Friday, reaching $154.75. 5,268,340 shares of the stock traded hands, compared to its average volume of 6,375,557. The business has a 50-day moving average price of $177.93 and a two-hundred day moving average price of $160.63. 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 market capitalization of $432.83 billion, a PE ratio of 37.84, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a one year low of $103.54 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during 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 quarter in the previous year, the company posted $1.34 earnings per share. Equities research analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 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.