Groupama Asset Managment Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Groupama Asset Managment lessened its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,417 shares of the enterprise software provider's stock after selling 5,077 shares during the period. Groupama Asset Managment's holdings in Oracle were worth $9,250,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC boosted its stake in 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 acquiring an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new stake in Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. boosted its position 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 purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group cut their price target on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. JMP Securities restated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Finally, Evercore ISI cut their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

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Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL traded up $4.02 during mid-day trading on Wednesday, reaching $145.96. 11,539,620 shares of the company were exchanged, compared to its average volume of 9,037,719. The stock has a market capitalization of $408.24 billion, a PE ratio of 35.69, a PEG ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company's 50 day moving average price is $162.14 and its 200 day moving average price is $169.85.

Oracle (NYSE:ORCL - Get Free Report) last posted 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). The firm had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared 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 is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. Oracle's dividend payout ratio (DPR) is 46.95%.

Oracle 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.