Sabal Trust CO Lowers Holdings in Oracle Co. (NYSE:ORCL)

Sabal Trust CO reduced its position in Oracle Co. (NYSE:ORCL) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,283 shares of the enterprise software provider’s stock after selling 90 shares during the quarter. Sabal Trust CO’s holdings in Oracle were worth $880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Activest Wealth Management grew its holdings in 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 period. Second Line Capital LLC lifted its holdings in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank boosted its position in Oracle by 0.8% in the third 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 in the last quarter. Requisite Capital Management LLC raised its holdings in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after buying an additional 60 shares during the last quarter. Finally, McLean Asset Management Corp grew its position in shares of Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after buying an additional 61 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

ORCL opened at $168.51 on Wednesday. The stock has a market cap of $471.31 billion, a P/E ratio of 41.20, a P/E/G ratio of 3.46 and a beta of 1.05. Oracle Co. has a 12 month low of $109.79 and a 12 month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a fifty day simple moving average of $168.94 and a 200 day simple moving average of $168.12.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 earnings per share. On average, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Guggenheim raised their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.

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.