Curi RMB Capital LLC Sells 11,679 Shares of Oracle Co. (NYSE:ORCL)

Curi RMB Capital LLC trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,182 shares of the enterprise software provider's stock after selling 11,679 shares during the period. Curi RMB Capital LLC's holdings in Oracle were worth $2,363,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus dropped their price target on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. UBS Group reissued a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Bank of America cut their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Evercore ISI lowered their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Finally, Barclays cut their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Stock Performance

Oracle stock traded up $5.24 during midday trading on Thursday, hitting $136.64. The company's stock had a trading volume of 2,656,253 shares, compared to its average volume of 9,342,571. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $382.18 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The company has a 50-day moving average price of $148.08 and a two-hundred day moving average price of $165.49.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is 46.95%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 352,174 shares of company stock valued at $64,990,957 over the last quarter. 42.20% of the stock is owned by company insiders.

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.