JLB & Associates Inc. Sells 8,369 Shares of Oracle Co. (NYSE:ORCL)

JLB & Associates Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 187,769 shares of the enterprise software provider’s stock after selling 8,369 shares during the period. Oracle comprises about 4.2% of JLB & Associates Inc.’s investment portfolio, making the stock its 3rd biggest holding. JLB & Associates Inc.’s holdings in Oracle were worth $31,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. One Day In July LLC lifted its holdings in shares of Oracle by 10.9% in the fourth quarter. One Day In July LLC now owns 3,408 shares of the enterprise software provider’s stock valued at $568,000 after purchasing an additional 335 shares in the last quarter. Forte Capital LLC ADV raised its position in Oracle by 1.6% during the fourth quarter. Forte Capital LLC ADV now owns 7,422 shares of the enterprise software provider’s stock valued at $1,237,000 after buying an additional 120 shares during the period. ING Groep NV lifted its stake in Oracle by 117.5% in the 4th quarter. ING Groep NV now owns 458,813 shares of the enterprise software provider’s stock worth $76,457,000 after acquiring an additional 247,816 shares in the last quarter. Dash Acquisitions Inc. boosted its position in Oracle by 184.7% during the 4th quarter. Dash Acquisitions Inc. now owns 53,372 shares of the enterprise software provider’s stock worth $8,753,000 after acquiring an additional 34,624 shares during the period. Finally, Zullo Investment Group Inc. grew its stake in Oracle by 3.4% during the 4th quarter. Zullo Investment Group Inc. now owns 2,198 shares of the enterprise software provider’s stock valued at $366,000 after acquiring an additional 72 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Down 3.0 %

Oracle stock opened at $176.01 on Friday. The firm has a market cap of $492.30 billion, a price-to-earnings ratio of 43.04, a P/E/G ratio of 3.57 and a beta of 1.05. The firm has a fifty day moving average price of $169.10 and a two-hundred day moving average price of $166.74. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 annualized dividend and a dividend yield of 0.91%. Oracle’s payout ratio is 39.12%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ORCL shares. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is currently owned by 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.