Oracle Co. (NYSE:ORCL) Stock Holdings Lowered by Winslow Asset Management Inc.

Winslow Asset Management Inc. reduced its position in Oracle Co. (NYSE:ORCL) by 0.6% in the third quarter, Holdings Channel.com reports. The fund owned 133,259 shares of the enterprise software provider’s stock after selling 866 shares during the period. Oracle makes up about 4.2% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Winslow Asset Management Inc.’s holdings in Oracle were worth $22,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fairway Wealth LLC bought a new stake in shares of Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle in the 2nd quarter worth approximately $35,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter valued at $44,000. Finally, Quest Partners LLC bought a new position in shares of Oracle during the 2nd quarter valued at $40,000. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORCL. JMP Securities lifted their price objective on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Morgan Stanley boosted their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. KeyCorp increased their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Down 0.1 %

Oracle stock opened at $189.13 on Tuesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50 day moving average price is $168.43 and its 200-day moving average price is $145.03. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.50. The stock has a market cap of $524.09 billion, a P/E ratio of 48.74, a PEG ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is presently 41.24%.

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.