Confluence Investment Management LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

Confluence Investment Management LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 550,299 shares of the enterprise software provider’s stock after selling 24,004 shares during the quarter. Confluence Investment Management LLC’s holdings in Oracle were worth $91,702,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter worth $27,000. Quest Partners LLC purchased a new position in Oracle during the second quarter valued at $40,000. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter valued at about $44,000. Avondale Wealth Management purchased a new stake in Oracle in the third quarter worth about $51,000. Finally, Friedenthal Financial bought a new position in shares of Oracle in the third quarter worth about $51,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORCL shares. TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. Morgan Stanley increased their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Down 0.3 %

ORCL stock traded down $0.43 during mid-day trading on Thursday, reaching $166.21. 1,201,125 shares of the stock traded hands, compared to its average volume of 8,338,902. The business has a 50-day moving average price of $178.93 and a two-hundred day moving average price of $159.86. The stock has a market capitalization of $464.88 billion, a PE ratio of 40.64, a PEG ratio of 3.39 and a beta of 1.03. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a one year low of $101.74 and a one year high of $198.31.

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 analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.