Stockman Wealth Management Inc. decreased its position in shares of Oracle Co. (NYSE:ORCL) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,722 shares of the enterprise software provider’s stock after selling 10,289 shares during the quarter. Oracle makes up about 1.8% of Stockman Wealth Management Inc.’s portfolio, making the stock its 20th biggest holding. Stockman Wealth Management Inc.’s holdings in Oracle were worth $3,780,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Landmark Financial Advisors LLC increased its stake in Oracle by 2.1% during the fourth quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock worth $434,000 after purchasing an additional 200 shares during the period. Quadrant Capital Group LLC increased its stake in Oracle by 0.7% during the fourth quarter. Quadrant Capital Group LLC now owns 34,344 shares of the enterprise software provider’s stock worth $1,528,000 after purchasing an additional 230 shares during the period. Arrow Financial Corp increased its stake in Oracle by 0.5% during the fourth quarter. Arrow Financial Corp now owns 51,262 shares of the enterprise software provider’s stock worth $2,315,000 after purchasing an additional 260 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV increased its stake in Oracle by 7.1% during the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 4,500 shares of the enterprise software provider’s stock worth $203,000 after purchasing an additional 300 shares during the period. Finally, Mission Wealth Management LP increased its stake in Oracle by 2.3% during the fourth quarter. Mission Wealth Management LP now owns 13,584 shares of the enterprise software provider’s stock worth $613,000 after purchasing an additional 303 shares during the period. 46.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Raymond James boosted their price target on shares of Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada boosted their price target on shares of Oracle to $57.00 and gave the stock a “sector perform” rating in a research note on Friday. Wedbush boosted their price target on shares of Oracle from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday. UBS Group boosted their price target on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Mitsubishi UFJ Financial Group boosted their price target on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the stock. Oracle presently has an average rating of “Hold” and a consensus price target of $52.77.

In other Oracle news, EVP Dorian Daley sold 6,302 shares of the stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $43.24, for a total value of $272,498.48. Following the transaction, the executive vice president now directly owns 77,919 shares in the company, valued at $3,369,217.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $46.42, for a total transaction of $174,075.00. Following the completion of the transaction, the director now owns 27,969 shares in the company, valued at $1,298,320.98. The disclosure for this sale can be found here. Insiders sold 42,552 shares of company stock worth $1,945,486 over the last quarter. 32.00% of the stock is currently owned by insiders.

Shares of Oracle stock opened at $52.94 on Friday. The company has a market capitalization of $219.15 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.75 and a beta of 1.08. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $53.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. Analysts anticipate that Oracle Co. will post 3.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be paid a $0.24 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, April 10th. Oracle’s dividend payout ratio is currently 26.95%.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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