Oracle Co. (NYSE:ORCL) is Peninsula Wealth LLC's 3rd Largest Position

Peninsula Wealth LLC cut its stake in Oracle Co. (NYSE:ORCL - Free Report) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 383,800 shares of the enterprise software provider's stock after selling 26,553 shares during the quarter. Oracle comprises approximately 10.9% of Peninsula Wealth LLC's investment portfolio, making the stock its 3rd biggest position. Peninsula Wealth LLC's holdings in Oracle were worth $63,957,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Requisite Capital Management LLC lifted its stake in shares of Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after buying an additional 60 shares during the period. Cookson Peirce & Co. Inc. grew its holdings in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after purchasing an additional 60 shares in the last quarter. McLean Asset Management Corp increased its position in shares of Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after purchasing an additional 61 shares during the period. Warther Private Wealth LLC lifted its position in Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after purchasing an additional 63 shares during the period. Finally, Howard Bailey Securities LLC boosted its stake in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after buying an additional 64 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORCL. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Morgan Stanley reduced their price objective on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their target price 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. Mizuho decreased their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Guggenheim restated a "buy" rating and set a $220.00 target price on shares of Oracle in a report on Thursday, April 3rd. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $176.73.

Oracle Stock Performance

Oracle stock traded up $0.49 during mid-day trading on Thursday, reaching $130.25. The company's stock had a trading volume of 3,553,435 shares, compared to its average volume of 9,273,641. The firm's fifty day moving average price is $152.83 and its two-hundred day moving average price is $166.90. 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 market capitalization of $364.31 billion, a P/E ratio of 31.83, a PEG 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.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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 firm 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 1.54%. Oracle's payout ratio is 46.95%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the business's 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 completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,453,328 shares of company stock valued at $454,439,851 in the last ninety days. 42.20% of the stock is currently owned by company insiders.

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.