Donaldson Capital Management LLC Sells 548 Shares of Oracle Co. (NYSE:ORCL)

Donaldson Capital Management LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 18.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,496 shares of the enterprise software provider’s stock after selling 548 shares during the period. Donaldson Capital Management LLC’s holdings in Oracle were worth $416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Activest Wealth Management boosted 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 valued at $53,000 after buying an additional 56 shares in the last quarter. Second Line Capital LLC raised its holdings in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares during the period. Cadence Bank grew its stake in Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares during the period. Requisite Capital Management LLC increased its stake in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ORCL. Guggenheim reissued a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday. KeyCorp restated an “overweight” rating and set a $200.00 price objective on shares of Oracle in a research note on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Finally, UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.92.

Oracle Price Performance

Shares of NYSE:ORCL opened at $144.29 on Wednesday. The firm has a market capitalization of $403.58 billion, a PE ratio of 35.28, a P/E/G ratio of 3.46 and a beta of 1.07. 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 company has a 50-day moving average price of $166.82 and a two-hundred day moving average price of $169.62. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the business posted $1.41 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is presently 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by insiders.

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.