Johnson Financial Group Inc. Has $1.71 Million Holdings in Oracle Co. (NYSE:ORCL)

Johnson Financial Group Inc. cut its stake in Oracle Co. (NYSE:ORCL - Free Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,033 shares of the enterprise software provider's stock after selling 2,467 shares during the quarter. Johnson Financial Group Inc.'s holdings in Oracle were worth $1,706,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC grew its stake in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock worth $1,366,000 after purchasing an additional 883 shares in the last quarter. Principal Financial Group Inc. grew its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Morse Asset Management Inc acquired a new position in Oracle in the third quarter valued at approximately $2,590,000. Westside Investment Management Inc. grew its holdings in shares of Oracle by 0.6% during the third quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider's stock valued at $2,499,000 after purchasing an additional 86 shares during the last quarter. Finally, Tudor Financial Inc. bought a new position in shares of Oracle during the third quarter valued at approximately $1,531,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 1.2 %

Shares of NYSE:ORCL traded up $1.64 during midday trading on Monday, reaching $140.13. The company had a trading volume of 6,970,073 shares, compared to its average volume of 9,364,023. The firm has a market cap of $391.94 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1-year low of $113.65 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day simple moving average of $145.71 and a two-hundred day simple moving average of $164.60.

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). The business had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. Research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, 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. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a 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 for the company in a report on Tuesday, March 11th. BMO Capital Markets lowered their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a report on Tuesday, March 11th. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. Finally, Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $174.42.

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.