International Assets Investment Management LLC Cuts Position in Oracle Co. (NYSE:ORCL)

International Assets Investment Management LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 99.4% during the fourth quarter, HoldingsChannel reports. The firm owned 13,020 shares of the enterprise software provider’s stock after selling 2,052,063 shares during the period. International Assets Investment Management LLC’s holdings in Oracle were worth $2,162,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ORCL shares. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Tuesday, December 10th. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Citigroup lifted their target price 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Stock Performance

Shares of ORCL opened at $163.13 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $456.27 billion, a P/E ratio of 39.89, a P/E/G ratio of 3.39 and a beta of 1.06. The business’s 50 day moving average price is $178.02 and its 200-day moving average price is $160.61. Oracle Co. has a 52 week low of $102.72 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the firm posted $1.34 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Oracle’s dividend payout ratio is currently 39.12%.

About Oracle

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.