Exchange Traded Concepts LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

Exchange Traded Concepts LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 35.5% in the 4th quarter, Holdings Channel reports. The fund owned 2,960 shares of the enterprise software provider’s stock after selling 1,627 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Oracle were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CX Institutional raised its stake in shares of Oracle by 3.7% during the 4th quarter. CX Institutional now owns 15,377 shares of the enterprise software provider’s stock worth $2,562,000 after buying an additional 547 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $17,914,000. Berbice Capital Management LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $267,000. Encompass More Asset Management purchased a new position in shares of Oracle during the 4th quarter worth approximately $714,000. Finally, Impact Partnership Wealth LLC raised its stake in shares of Oracle by 4.0% during the 4th quarter. Impact Partnership Wealth LLC now owns 3,234 shares of the enterprise software provider’s stock worth $539,000 after buying an additional 123 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on Oracle in a research note on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Up 5.2 %

Shares of Oracle stock opened at $170.41 on Friday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm has a market cap of $476.62 billion, a PE ratio of 41.66, a P/E/G ratio of 3.62 and a beta of 1.06. The business’s fifty day moving average is $172.79 and its two-hundred day moving average is $163.03. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its earnings results 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Oracle 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.