CWA Asset Management Group LLC Has $13.84 Million Stock Position in Oracle Co. (NYSE:ORCL)

CWA Asset Management Group LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 83,034 shares of the enterprise software provider’s stock after selling 497 shares during the quarter. CWA Asset Management Group LLC’s holdings in Oracle were worth $13,837,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division grew its holdings in Oracle by 16.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 22,996 shares of the enterprise software provider’s stock valued at $3,832,000 after purchasing an additional 3,284 shares during the period. Franchise Capital Ltd acquired a new position in Oracle in the fourth quarter valued at about $1,620,000. GAMMA Investing LLC raised its position in shares of Oracle by 5.4% during the fourth quarter. GAMMA Investing LLC now owns 31,465 shares of the enterprise software provider’s stock worth $5,243,000 after purchasing an additional 1,624 shares during the period. Versant Capital Management Inc grew its position in shares of Oracle by 13.7% in the 4th quarter. Versant Capital Management Inc now owns 4,501 shares of the enterprise software provider’s stock valued at $750,000 after purchasing an additional 544 shares during the period. Finally, Trust Co of the South increased its stake in Oracle by 29.4% during the 4th quarter. Trust Co of the South now owns 2,736 shares of the enterprise software provider’s stock worth $456,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. TD Cowen upped their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. BMO Capital Markets lifted their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Citigroup increased their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Price Performance

Oracle stock traded up $0.82 during trading hours on Monday, reaching $167.14. 1,967,601 shares of the stock were exchanged, compared to its average volume of 4,357,997. The stock has a 50 day moving average of $178.62 and a two-hundred day moving average of $160.29. The company has a market cap of $467.48 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $102.13 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced 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). 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 company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. Equities analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 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.