Main Street Financial Solutions LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Main Street Financial Solutions LLC lifted its position in Oracle Co. (NYSE:ORCL - Free Report) by 76.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,371 shares of the enterprise software provider's stock after buying an additional 4,071 shares during the period. Main Street Financial Solutions LLC's holdings in Oracle were worth $1,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. R Squared Ltd acquired a new position in shares of Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Hurley Capital LLC acquired a new position in Oracle during the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle in the fourth quarter worth $34,000. Finally, TFC Financial Management Inc. lifted its stake in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho cut their target price on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday. Morgan Stanley cut their price objective on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a report on Wednesday. Bank of America decreased 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 cut their price target on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Finally, DA Davidson decreased their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $176.73.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.20 during midday trading on Friday, hitting $128.56. The company's stock had a trading volume of 8,919,409 shares, compared to its average volume of 9,309,665. The company has a market cap of $359.58 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The business's 50 day simple moving average is $151.82 and its 200 day simple moving average is $166.61. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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 analysts' consensus estimates of $1.49 by ($0.02). The business 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%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. Oracle's payout ratio is presently 46.95%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,453,328 shares of company stock valued at $454,439,851 in the last 90 days. Company insiders own 42.20% of the company's stock.

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.