Act Two Investors LLC Sells 2,512 Shares of Oracle Co. (NYSE:ORCL)

Act Two Investors LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 28.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,252 shares of the enterprise software provider's stock after selling 2,512 shares during the quarter. Act Two Investors LLC's holdings in Oracle were worth $1,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at about $34,000. Finally, TFC Financial Management Inc. increased its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.3 %

NYSE ORCL traded down $0.40 on Tuesday, hitting $134.24. 3,333,162 shares of the company were exchanged, compared to its average volume of 9,253,795. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $375.46 billion, a PE ratio of 32.82, a PEG ratio of 3.46 and a beta of 1.22. The stock has a fifty day moving average of $154.50 and a 200-day moving average of $167.39. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31.

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Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the company earned $1.41 EPS. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Westpark Capital assumed coverage on shares of Oracle in a report on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective for the company. Stifel Nicolaus cut their target price on Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets dropped their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a "sector perform" rating in a research note on Tuesday, March 11th. Finally, DA Davidson dropped their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $177.12.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,448,328 shares of company stock worth $453,791,001. 42.20% of the stock is owned by corporate insiders.

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.