MCF Advisors LLC Sells 364 Shares of Oracle Co. (NYSE:ORCL)

MCF Advisors LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,801 shares of the enterprise software provider’s stock after selling 364 shares during the period. MCF Advisors LLC’s holdings in Oracle were worth $967,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the last quarter. RMR Wealth Builders lifted its holdings in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Chase Investment Counsel Corp bought a new position in Oracle during the third quarter worth $4,160,000. Oppenheimer Asset Management Inc. raised its position in shares of Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Oracle by 84.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock worth $147,206,000 after buying an additional 395,613 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 7.3 %

Shares of NYSE ORCL opened at $172.82 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $483.37 billion, a PE ratio of 42.25, a P/E/G ratio of 3.16 and a beta of 1.06. The company’s fifty day simple moving average is $174.87 and its 200 day simple moving average is $161.70. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their target price 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. Morgan Stanley lifted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.