Oracle Co. (NYSE:ORCL) Shares Sold by Westmount Partners LLC

Westmount Partners LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,980 shares of the enterprise software provider’s stock after selling 1,388 shares during the quarter. Oracle comprises approximately 1.0% of Westmount Partners LLC’s portfolio, making the stock its 21st largest holding. Westmount Partners LLC’s holdings in Oracle were worth $3,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Oracle in the second quarter valued at about $27,000. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at about $40,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at about $44,000. Avondale Wealth Management purchased a new stake in shares of Oracle in the third quarter valued at about $51,000. Finally, Friedenthal Financial acquired a new stake in shares of Oracle in the third quarter valued at approximately $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on ORCL shares. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets increased their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $181.48.

Oracle Trading Down 0.7 %

Shares of ORCL stock traded down $1.07 during mid-day trading on Monday, reaching $153.43. The company’s stock had a trading volume of 4,206,283 shares, compared to its average volume of 7,292,929. The company’s 50 day simple moving average is $177.62 and its 200-day simple moving average is $161.04. Oracle Co. has a 12-month low of $105.42 and a 12-month high of $198.31. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $429.14 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the firm earned $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

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.