Caldwell Sutter Capital Inc. Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Caldwell Sutter Capital Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 73.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 796 shares of the enterprise software provider’s stock after selling 2,250 shares during the period. Caldwell Sutter Capital Inc.’s holdings in Oracle were worth $133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management boosted its stake in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. Second Line Capital LLC raised its holdings in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares during the last quarter. Cadence Bank boosted its position in Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares during the period. Eagle Rock Investment Company LLC grew its holdings in Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the last quarter. Finally, W Advisors LLC increased its position in shares of Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after acquiring an additional 64 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ORCL. Piper Sandler raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Guggenheim lifted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. DA Davidson raised their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday. Finally, UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

ORCL stock opened at $186.08 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a market cap of $520.44 billion, a P/E ratio of 45.50, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The stock’s fifty day moving average price is $174.43 and its 200-day moving average price is $162.05.

Oracle (NYSE:ORCL) last announced 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.86%. Oracle’s 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.