Bruce G. Allen Investments LLC Sells 437 Shares of Oracle Co. (NYSE:ORCL)

Bruce G. Allen Investments LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 32.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 893 shares of the enterprise software provider’s stock after selling 437 shares during the period. Bruce G. Allen Investments LLC’s holdings in Oracle were worth $149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter valued at about $27,000. Quest Partners LLC bought a new position in Oracle in the second quarter valued at about $40,000. Reston Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at about $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the 3rd quarter worth $51,000. Finally, Friedenthal Financial bought a new position in shares of Oracle in the third quarter worth about $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several analyst reports. DA Davidson increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Guggenheim increased their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Trading Down 5.3 %

ORCL stock traded down $8.58 during midday trading on Friday, reaching $154.16. The company’s stock had a trading volume of 10,273,598 shares, compared to its average volume of 7,081,340. The stock has a fifty day simple moving average of $177.93 and a two-hundred day simple moving average of $160.63. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market capitalization of $431.18 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1 year low of $103.54 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. On average, equities research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) 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.