Gemmer Asset Management LLC Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

Gemmer Asset Management LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,879 shares of the enterprise software provider’s stock after selling 2,108 shares during the quarter. Gemmer Asset Management LLC’s holdings in Oracle were worth $1,313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Zhang Financial LLC boosted its stake in Oracle by 3.4% in the 4th quarter. Zhang Financial LLC now owns 6,525 shares of the enterprise software provider’s stock worth $1,087,000 after purchasing an additional 215 shares during the period. Corundum Group Inc. lifted its holdings in shares of Oracle by 70.9% in the fourth quarter. Corundum Group Inc. now owns 14,868 shares of the enterprise software provider’s stock worth $2,478,000 after buying an additional 6,167 shares in the last quarter. Stokes Capital Advisors LLC boosted its position in shares of Oracle by 40.6% in the fourth quarter. Stokes Capital Advisors LLC now owns 3,835 shares of the enterprise software provider’s stock valued at $639,000 after acquiring an additional 1,107 shares during the period. UMB Bank n.a. increased its holdings in Oracle by 49.9% during the 4th quarter. UMB Bank n.a. now owns 212,857 shares of the enterprise software provider’s stock worth $35,470,000 after acquiring an additional 70,844 shares during the period. Finally, FOCUS Wealth Advisors LLC purchased a new stake in Oracle in the 4th quarter worth approximately $1,457,000. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. Sanford C. Bernstein upped their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. Jefferies Financial Group raised their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $161.05 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a 50-day moving average price of $175.44 and a 200-day moving average price of $161.46. The company has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed 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 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 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.