Thompson Investment Management Inc. Has $7.92 Million Holdings in Oracle Co. (NYSE:ORCL)

Thompson Investment Management Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 18.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,531 shares of the enterprise software provider’s stock after selling 11,092 shares during the period. Oracle makes up approximately 1.1% of Thompson Investment Management Inc.’s holdings, making the stock its 27th biggest position. Thompson Investment Management Inc.’s holdings in Oracle were worth $7,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management increased its stake in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC increased its stake in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank increased its stake in Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares in the last quarter. Requisite Capital Management LLC increased its stake in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp increased its stake in Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. DA Davidson increased their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 1.3 %

NYSE ORCL opened at $174.53 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a 50-day moving average of $170.42 and a 200-day moving average of $164.35. 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 company has a market cap of $488.15 billion, a P/E ratio of 42.67, a P/E/G ratio of 3.39 and a beta of 1.05.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Activity

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.20% of the company’s stock.

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.