Oracle Co. (NYSE:ORCL) Shares Sold by Investment House LLC

Investment House LLC decreased its stake in Oracle Co. (NYSE:ORCL) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,636 shares of the enterprise software provider’s stock after selling 217 shares during the quarter. Investment House LLC’s holdings in Oracle were worth $6,815,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sandy Spring Bank boosted its position in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after acquiring an additional 1,107 shares during the last quarter. LVM Capital Management Ltd. MI boosted its position in Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after acquiring an additional 200 shares during the last quarter. Quantum Private Wealth LLC acquired a new position in Oracle during the third quarter worth about $229,000. Cooper Financial Group boosted its position in Oracle by 43.4% during the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new position in Oracle during the fourth quarter worth about $171,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle 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 owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by insiders.

Oracle Stock Down 0.9 %

Shares of Oracle stock traded down $1.07 during trading hours on Monday, hitting $116.14. The company had a trading volume of 2,746,108 shares, compared to its average volume of 8,407,198. The company has a market cap of $319.21 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company’s 50-day moving average is $119.42 and its two-hundred day moving average is $113.16. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a twelve month low of $93.85 and a twelve month high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. Oracle’s payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent research reports. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Oppenheimer began coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. Finally, Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.76.

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.