Householder Group Estate & Retirement Specialist LLC Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

Householder Group Estate & Retirement Specialist LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 66.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 655 shares of the enterprise software provider’s stock after selling 1,279 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Oracle were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew its stake in shares of Oracle by 71.5% in the 2nd quarter. Brighton Jones LLC now owns 266,931 shares of the enterprise software provider’s stock valued at $37,691,000 after purchasing an additional 111,324 shares during the last quarter. Ieq Capital LLC grew its position in Oracle by 11.2% in the 2nd quarter. Ieq Capital LLC now owns 140,559 shares of the enterprise software provider’s stock valued at $19,847,000 after buying an additional 14,105 shares during the last quarter. Trust Investment Advisors acquired a new position in Oracle in the 2nd quarter valued at $212,000. Canada Pension Plan Investment Board raised its position in Oracle by 20.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,450,762 shares of the enterprise software provider’s stock worth $204,848,000 after buying an additional 248,664 shares during the last quarter. Finally, Callan Capital LLC boosted its holdings in shares of Oracle by 1.2% in the second quarter. Callan Capital LLC now owns 21,280 shares of the enterprise software provider’s stock valued at $3,005,000 after acquiring an additional 253 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ORCL. Mizuho increased their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. UBS Group raised their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler increased their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald initiated coverage on Oracle in a report on Friday. They issued an “overweight” rating and a $214.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

NYSE:ORCL opened at $161.05 on Friday. 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 twelve month low of $106.51 and a twelve month high of $198.31. The business has a 50 day moving average price of $176.00 and a two-hundred day moving average price of $161.21. The company has a market cap of $450.44 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the company posted $1.34 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5.01 EPS 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s payout ratio is 39.12%.

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.