MassMutual Private Wealth & Trust FSB Cuts Holdings in Oracle Co. (NYSE:ORCL)

MassMutual Private Wealth & Trust FSB lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,319 shares of the enterprise software provider’s stock after selling 3,194 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Oracle were worth $2,553,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC grew its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management bought a new position in shares of Oracle during the 3rd quarter valued at $51,000. Friedenthal Financial purchased a new position in Oracle in the 3rd quarter worth $51,000. Finally, Activest Wealth Management lifted its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of NYSE ORCL opened at $161.05 on Tuesday. 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 company has a 50 day simple moving average of $175.44 and a two-hundred day simple moving average of $161.58. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Morgan Stanley lifted 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. UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein lifted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Evercore ISI increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.