Newman Dignan & Sheerar Inc. Sells 100 Shares of Oracle Co. (NYSE:ORCL)

Newman Dignan & Sheerar Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,106 shares of the enterprise software provider’s stock after selling 100 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Oracle were worth $1,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. International Assets Investment Management LLC raised its holdings in Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. lifted its stake in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. State Street Corp grew its position in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Jennison Associates LLC increased its stake in shares of Oracle by 279.7% during the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after purchasing an additional 891,842 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Citigroup lifted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley increased their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. One equities 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’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

ORCL stock opened at $171.52 on Thursday. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $479.73 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 3.35 and a beta of 1.05. The firm has a 50 day moving average price of $170.83 and a 200-day moving average price of $164.05.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

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.