Campbell Newman Asset Management Inc. Sells 153 Shares of Oracle Co. (NYSE:ORCL)

Campbell Newman Asset Management Inc. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,766 shares of the enterprise software provider’s stock after selling 153 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Oracle were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth about $27,000. Quest Partners LLC bought a new position in shares of Oracle during the second quarter valued at approximately $40,000. Reston Wealth Management LLC purchased a new position in Oracle during the 3rd quarter valued at $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the third quarter worth approximately $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock traded up $1.60 during mid-day trading on Wednesday, hitting $157.91. The company had a trading volume of 1,274,286 shares, compared to its average volume of 7,136,345. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $441.67 billion, a price-to-earnings ratio of 38.61, a P/E/G ratio of 3.39 and a beta of 1.06. The company’s fifty day moving average is $176.99 and its 200-day moving average is $161.24. Oracle Co. has a 12-month low of $105.42 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 EPS. Equities research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ORCL shares. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Guggenheim increased their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Sanford C. Bernstein lifted their price objective on Oracle from $201.00 to $202.00 and gave the company 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 report on Tuesday, December 10th. Finally, Evercore ISI boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $181.48.

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.