3,386 Shares in Oracle Co. (NYSE:ORCL) Acquired by May Hill Capital LLC

May Hill Capital LLC bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,386 shares of the enterprise software provider's stock, valued at approximately $564,000.

Several other institutional investors also recently modified their holdings of ORCL. Norges Bank acquired a new stake in Oracle in the 4th quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. bought a new stake in shares of Oracle in the fourth quarter worth $930,095,000. Vanguard Group Inc. boosted its holdings in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. Polen Capital Management LLC grew its position in Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock valued at $1,787,003,000 after purchasing an additional 1,955,764 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Oracle stock traded up $4.02 during trading hours on Wednesday, reaching $145.96. 11,539,620 shares of the stock were exchanged, compared to its average volume of 9,021,140. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a market cap of $408.24 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The stock has a 50 day moving average of $162.91 and a two-hundred day moving average of $170.02.

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Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business's revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is a positive change 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 payout ratio is 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. 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. Jefferies Financial Group lowered their target price on shares of Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Monday. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. JMP Securities reissued a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Barclays reduced their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.65.

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.