Sfmg LLC Has $362,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Sfmg LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,431 shares of the enterprise software provider’s stock after selling 115 shares during the period. Sfmg LLC’s holdings in Oracle were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in Oracle during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its stake in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its stake in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 1.6 %

Shares of Oracle stock opened at $118.67 on Thursday. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $326.16 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.33 and a beta of 1.01. The business has a fifty day simple moving average of $119.28 and a two-hundred day simple moving average of $112.78.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Analyst Ratings Changes

A number of research firms recently issued reports on ORCL. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. The Goldman Sachs Group raised their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.76.

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.