Sanibel Captiva Trust Company Inc. Trims Stock Position in Oracle Co. (NYSE:ORCL)

Sanibel Captiva Trust Company Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 265,420 shares of the enterprise software provider’s stock after selling 828 shares during the period. Oracle accounts for 1.4% of Sanibel Captiva Trust Company Inc.’s investment portfolio, making the stock its 17th largest holding. Sanibel Captiva Trust Company Inc.’s holdings in Oracle were worth $44,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Winch Advisory Services LLC raised its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new position in Oracle in the third quarter worth approximately $44,000. Avondale Wealth Management purchased a new stake in Oracle during the third quarter worth $51,000. Friedenthal Financial bought a new stake in Oracle during the 3rd quarter valued at $51,000. Finally, Activest Wealth Management increased its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.9 %

NYSE ORCL opened at $161.05 on Friday. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day moving average price of $176.00 and a 200 day moving average price of $161.21. The company has a market cap of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Stifel Nicolaus upped their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Citigroup increased their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.