Chickasaw Capital Management LLC Cuts Holdings in Oracle Co. (NYSE:ORCL)

Chickasaw Capital Management LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,545 shares of the enterprise software provider’s stock after selling 72 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Oracle were worth $3,424,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter valued at about $27,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter worth approximately $44,000. Quest Partners LLC purchased a new position in shares of Oracle in the second quarter worth $40,000. Avondale Wealth Management purchased a new stake in shares of Oracle during the third quarter valued at $51,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle in the third quarter worth about $51,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORCL shares. Citigroup increased their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. DA Davidson upped their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Down 2.4 %

NYSE:ORCL traded down $3.99 during midday trading on Tuesday, hitting $161.70. 5,095,176 shares of the company were exchanged, compared to its average volume of 5,705,534. Oracle Co. has a fifty-two week low of $102.13 and a fifty-two week high of $198.31. The company has a market capitalization of $452.27 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. 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 fifty day simple moving average of $178.48 and a 200 day simple moving average of $160.45.

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 analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share. As a group, equities analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Oracle Company 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.