Folger Nolan Fleming Douglas Capital Management Inc. Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,009 shares of the enterprise software provider’s stock after selling 520 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Oracle were worth $1,001,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Winch Advisory Services LLC increased its stake in shares of 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 buying an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Oracle during the 3rd quarter worth $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth about $51,000. Friedenthal Financial bought a new stake in shares of Oracle in the 3rd quarter worth about $51,000. Finally, Activest Wealth Management lifted its position 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 worth $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL opened at $161.05 on Friday. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The firm has a market capitalization of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. The firm has a 50-day moving average price of $176.00 and a 200 day moving average price of $161.21. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 company 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 company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend yield of 0.99%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

Several brokerages recently weighed in on ORCL. DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Piper Sandler raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.