Oracle Co. (NYSE:ORCL) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,729 shares of the enterprise software provider's stock after selling 5,590 shares during the period. Oracle makes up about 0.5% of Elo Mutual Pension Insurance Co's investment portfolio, making the stock its 28th largest position. Elo Mutual Pension Insurance Co's holdings in Oracle were worth $25,284,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its holdings in shares of Oracle by 89.7% in 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 during the period. Synergy Investment Management LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $34,000. TFC Financial Management Inc. lifted its stake in shares of Oracle by 129.0% during the 4th 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 last quarter. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. KeyCorp reiterated an "overweight" rating and set a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Morgan Stanley dropped their target price on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.20.

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Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Down 3.5 %

NYSE ORCL traded down $5.03 during trading on Friday, hitting $140.75. The company's stock had a trading volume of 13,138,087 shares, compared to its average volume of 8,963,386. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. 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 $393.67 billion, a PE ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. The business's 50 day simple moving average is $163.94 and its 200-day simple moving average is $170.22.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $1.41 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. Oracle's dividend payout ratio is currently 46.95%.

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.