Sky Investment Group LLC Has $1.62 Million Holdings in Oracle Co. (NYSE:ORCL)

Sky Investment Group LLC reduced its position in Oracle Co. (NYSE:ORCL) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,720 shares of the enterprise software provider’s stock after selling 150 shares during the quarter. Sky Investment Group LLC’s holdings in Oracle were worth $1,620,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ORCL. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the 3rd quarter valued at $51,000. Friedenthal Financial bought a new position in Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management grew its holdings in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORCL shares. Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday. They set an “overweight” rating and a $214.00 price objective on the stock. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Up 0.9 %

NYSE:ORCL opened at $161.05 on Tuesday. The firm’s 50 day moving average is $175.44 and its 200 day moving average is $161.58. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its 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). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio is presently 39.12%.

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.