Birch Capital Management LLC Has $796,000 Stock Position in Oracle Co. (NYSE:ORCL)

Birch Capital Management LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,775 shares of the enterprise software provider’s stock after selling 962 shares during the period. Birch Capital Management LLC’s holdings in Oracle were worth $796,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter valued at approximately $27,000. Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter valued at $40,000. Reston Wealth Management LLC bought a new position in Oracle in the third quarter valued at about $44,000. Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter worth about $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted 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. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Friday, December 20th. Finally, Mizuho raised their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Price Performance

ORCL traded down $3.27 during trading on Tuesday, reaching $162.42. 4,149,962 shares of the company were exchanged, compared to its average volume of 5,487,683. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $454.28 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 3.39 and a beta of 1.06. Oracle Co. has a 12-month low of $102.13 and a 12-month high of $198.31. The company’s 50-day moving average is $178.48 and its two-hundred day moving average is $160.45.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business posted $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.