Beddow Capital Management Inc. Decreases Position in Oracle Corporation $ORCL

Beddow Capital Management Inc. lowered its stake in shares of Oracle Corporation (NYSE:ORCL) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,275 shares of the enterprise software provider’s stock after selling 4,135 shares during the quarter. Oracle accounts for about 1.9% of Beddow Capital Management Inc.’s portfolio, making the stock its 21st largest position. Beddow Capital Management Inc.’s holdings in Oracle were worth $4,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Oracle by 69.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 22,554 shares of the enterprise software provider’s stock valued at $3,153,000 after acquiring an additional 9,237 shares during the period. Cookson Peirce & Co. Inc. raised its stake in Oracle by 13.5% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 1,615 shares of the enterprise software provider’s stock valued at $226,000 after acquiring an additional 192 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Oracle by 3.0% in the 1st quarter. Horizon Investments LLC now owns 64,734 shares of the enterprise software provider’s stock valued at $9,018,000 after purchasing an additional 1,855 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Sanford C. Bernstein reduced their price objective on Oracle from $364.00 to $339.00 and set an “outperform” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday. Jefferies Financial Group increased their target price on Oracle from $360.00 to $400.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Redburn Partners set a $175.00 target price on shares of Oracle in a report on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $301.57.

Oracle Price Performance

ORCL stock opened at $189.64 on Friday. The stock has a 50-day moving average price of $245.58 and a two-hundred day moving average price of $240.83. The company has a market cap of $540.62 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.66. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 3.28. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period in the previous year, the company posted $1.47 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. As a group, research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 annualized dividend and a yield of 1.1%. Oracle’s dividend payout ratio (DPR) is 37.59%.

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 5,000 shares of Oracle stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 171,513 shares of company stock valued at $50,397,893 over the last 90 days. Corporate insiders own 40.90% of the company’s stock.

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.