New Century Financial Group LLC Sells 115 Shares of Oracle Co. (NYSE:ORCL)

New Century Financial Group LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,611 shares of the enterprise software provider’s stock after selling 115 shares during the quarter. New Century Financial Group LLC’s holdings in Oracle were worth $933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Fred Alger Management LLC lifted its holdings in shares of Oracle by 5.4% in the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock worth $3,808,000 after purchasing an additional 1,388 shares in the last quarter. AXA S.A. lifted its stake in shares of Oracle by 11.0% in the second quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock valued at $70,897,000 after buying an additional 49,694 shares in the last quarter. APG Asset Management US Inc. grew its holdings in shares of Oracle by 1.8% during the second quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock valued at $110,731,000 after buying an additional 13,732 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Oracle by 6.9% during the second quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock worth $231,368,000 after acquiring an additional 114,084 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Oracle by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock worth $1,015,862,000 after acquiring an additional 66,444 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $186.08 on Friday. The company has a market cap of $520.44 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. 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 firm’s 50-day simple moving average is $174.43 and its two-hundred day simple moving average is $162.05. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BMO Capital Markets lifted their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” 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 two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.