Oracle Co. (NYSE:ORCL) Shares Sold by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Oracle in the 2nd quarter valued at about $27,000. Quest Partners LLC purchased a new position in shares of Oracle in the 2nd quarter worth $40,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management purchased a new position in Oracle in the third quarter valued at approximately $51,000. Finally, Friedenthal Financial acquired a new stake in shares of Oracle in the third quarter worth $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Finally, Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Down 2.4 %

NYSE:ORCL traded down $3.99 during trading hours on Tuesday, reaching $161.70. The company’s stock had a trading volume of 5,095,176 shares, compared to its average volume of 5,705,534. Oracle Co. has a one year low of $102.13 and a one year high of $198.31. The business’s 50-day moving average is $178.48 and its 200-day moving average is $160.45. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market cap of $452.27 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

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

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.