Oracle Co. (NYSE:ORCL) Shares Sold by Apeiron RIA LLC

Apeiron RIA LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,065 shares of the enterprise software provider’s stock after selling 277 shares during the period. Apeiron RIA LLC’s holdings in Oracle were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ORCL. Fred Alger Management LLC grew its holdings in Oracle by 5.4% in the second quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock valued at $3,808,000 after purchasing an additional 1,388 shares during the period. AXA S.A. raised its position in Oracle by 11.0% during the second quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock worth $70,897,000 after acquiring an additional 49,694 shares during the period. APG Asset Management US Inc. lifted its stake in Oracle by 1.8% in the 2nd quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock valued at $110,731,000 after buying an additional 13,732 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Oracle by 6.9% in the second quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock valued at $231,368,000 after acquiring an additional 114,084 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Oracle by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock worth $1,015,862,000 after purchasing an additional 66,444 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 1.0 %

ORCL 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. The stock has a market capitalization of $520.44 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 3.62 and a beta of 1.06. The business has a fifty day moving average price of $174.43 and a 200 day moving average price of $162.05. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORCL. Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday. KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, DA Davidson lifted their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.