Oracle Co. (NYSE:ORCL) is IQ EQ FUND MANAGEMENT IRELAND Ltd's 10th Largest Position

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 14.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,241 shares of the enterprise software provider's stock after selling 12,278 shares during the period. Oracle makes up 1.5% of IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings, making the stock its 10th biggest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Oracle were worth $12,372,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Citigroup lowered their price target on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. DA Davidson reiterated a "neutral" rating and issued a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.20.

Oracle Stock Performance

Shares of Oracle stock traded down $5.03 on Friday, reaching $140.75. 13,138,087 shares of the stock were exchanged, compared to its average volume of 8,963,386. The firm has a market capitalization of $393.67 billion, a PE ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The business has a fifty day moving average price of $163.94 and a two-hundred day moving average price of $170.22. 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 (NYSE:ORCL - Get Free Report) last released its 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 business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is currently 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.