R.H. Dinel Investment Counsel Inc. Has $7.38 Million Position in Oracle Co. (NYSE:ORCL)

R.H. Dinel Investment Counsel Inc. cut its position in Oracle Co. (NYSE:ORCL) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,300 shares of the enterprise software provider’s stock after selling 2,100 shares during the quarter. Oracle accounts for about 4.9% of R.H. Dinel Investment Counsel Inc.’s portfolio, making the stock its 7th largest holding. R.H. Dinel Investment Counsel Inc.’s holdings in Oracle were worth $7,382,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% during the 4th 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 during the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle in the 3rd quarter worth about $44,000. Avondale Wealth Management bought a new stake in shares of Oracle during the 3rd quarter valued at about $51,000. Friedenthal Financial acquired a new stake in Oracle during the third quarter worth approximately $51,000. Finally, Activest Wealth Management increased 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 in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $184.40 on Wednesday. The company has a market capitalization of $515.75 billion, a P/E ratio of 46.48, a P/E/G ratio of 3.16 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a fifty day moving average of $174.54 and a 200-day moving average of $161.90.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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 $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Ratings Changes

Several analysts have recently weighed in on ORCL shares. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. Cantor Fitzgerald started coverage on Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.