Chiron Investment Management LLC Cuts Holdings in Oracle Co. (NYSE:ORCL)

Chiron Investment Management LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,857 shares of the enterprise software provider's stock after selling 6,496 shares during the period. Chiron Investment Management LLC's holdings in Oracle were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. Requisite Capital Management LLC lifted its holdings in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after purchasing an additional 60 shares during the period. Cookson Peirce & Co. Inc. raised its position in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares during the last quarter. McLean Asset Management Corp lifted its stake in Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after acquiring an additional 61 shares during the period. Warther Private Wealth LLC boosted its holdings in shares of Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after acquiring an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC increased its stake in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after acquiring an additional 64 shares during the period. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,448,328 shares of company stock worth $453,791,001 in the last ninety days. 42.20% of the stock is owned by insiders.

Oracle Stock Down 0.8 %

Shares of NYSE ORCL opened at $132.27 on Monday. The stock has a market cap of $369.94 billion, a PE ratio of 32.34, a P/E/G ratio of 3.46 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a 50-day moving average of $155.25 and a 200 day moving average of $167.63.

Remove Ads

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 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 analysts' expectations of $14.40 billion. During the same quarter in the previous year, the business posted $1.41 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.51%. Oracle's payout ratio is 46.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group lowered their price objective on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Evercore ISI dropped their price target on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.