John G Ullman & Associates Inc. Has $3.55 Million Position in Oracle Co. (NYSE:ORCL)

John G Ullman & Associates Inc. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 20,855 shares of the enterprise software provider’s stock after selling 500 shares during the period. John G Ullman & Associates Inc.’s holdings in Oracle were worth $3,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. German American Bancorp Inc. grew its stake in shares of Oracle by 7.3% in the third quarter. German American Bancorp Inc. now owns 102,217 shares of the enterprise software provider’s stock worth $17,418,000 after acquiring an additional 6,986 shares during the last quarter. Cypress Capital Group boosted its holdings in Oracle by 3.0% in the 3rd quarter. Cypress Capital Group now owns 12,962 shares of the enterprise software provider’s stock valued at $2,209,000 after purchasing an additional 381 shares during the period. Landscape Capital Management L.L.C. grew its position in Oracle by 37.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 13,430 shares of the enterprise software provider’s stock worth $2,288,000 after purchasing an additional 3,680 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Oracle by 4.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 190,518 shares of the enterprise software provider’s stock worth $32,464,000 after purchasing an additional 8,927 shares during the period. Finally, Payden & Rygel raised its position in shares of Oracle by 0.5% during the third quarter. Payden & Rygel now owns 65,290 shares of the enterprise software provider’s stock valued at $11,125,000 after buying an additional 300 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.0 %

ORCL stock opened at $190.76 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77. The company has a market cap of $528.61 billion, a P/E ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02. The business has a fifty day moving average of $174.39 and a 200-day moving average of $148.37.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the business posted $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s payout ratio is presently 41.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ORCL shares. JPMorgan Chase & Co. lifted their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. JMP Securities increased their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $169.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% 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.