Folger Nolan Fleming Douglas Capital Management Inc. Has $688,000 Stake in Oracle Co. (NYSE:ORCL)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,529 shares of the enterprise software provider’s stock after selling 1,200 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Oracle were worth $688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Oracle in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle in the third quarter valued at about $27,000. Cornerstone Planning Group LLC increased its position in shares of Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its position in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. BMO Capital Markets lifted their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

ORCL traded up $2.32 during trading on Friday, hitting $117.21. 8,355,111 shares of the stock traded hands, compared to its average volume of 5,810,524. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The company has a market cap of $322.15 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average price of $119.42 and a 200 day moving average price of $113.11.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 42.80% of the company’s stock.

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.