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

Hengehold Capital Management LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,547 shares of the enterprise software provider’s stock after selling 238 shares during the period. Hengehold Capital Management LLC’s holdings in Oracle were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. State Street Corp boosted its holdings in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC raised its stake in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Oracle by 2,899.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $155,694,000 after acquiring an additional 883,233 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ORCL. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Friday, December 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. DA Davidson raised their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 1.0 %

ORCL opened at $186.08 on Friday. The company’s 50 day moving average is $174.43 and its 200-day moving average is $162.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a market cap of $520.44 billion, a P/E ratio of 45.50, a PEG ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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). 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 company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. Equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Oracle’s dividend payout ratio is currently 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.