Oracle Co. (NYSE:ORCL) Shares Sold by Hendley & Co. Inc.

Hendley & Co. Inc. lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,134 shares of the enterprise software provider’s stock after selling 195 shares during the quarter. Oracle makes up 1.8% of Hendley & Co. Inc.’s holdings, making the stock its 21st largest position. Hendley & Co. Inc.’s holdings in Oracle were worth $5,022,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. R Squared Ltd purchased a new position in Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% in 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 in the last quarter. TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter worth approximately $44,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald cut Oracle to an “overweight” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $170.00 on Tuesday. The firm has a 50 day moving average of $168.97 and a two-hundred day moving average of $167.87. The stock has a market capitalization of $475.48 billion, a PE ratio of 41.56, a P/E/G ratio of 3.46 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $109.79 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors 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 dividend yield of 0.94%. Oracle’s payout ratio is 39.12%.

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.