Oracle Co. (NYSE:ORCL) Shares Acquired by Portolan Capital Management LLC

Portolan Capital Management LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 97.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,215 shares of the enterprise software provider's stock after purchasing an additional 38,193 shares during the quarter. Portolan Capital Management LLC's holdings in Oracle were worth $12,867,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Requisite Capital Management LLC grew 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 worth $373,000 after acquiring an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. increased its position in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares in the last quarter. McLean Asset Management Corp lifted its position in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after acquiring an additional 61 shares in the last quarter. Warther Private Wealth LLC increased its holdings in shares of Oracle by 1.8% in the 4th 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 in the last quarter. Finally, Howard Bailey Securities LLC lifted its holdings in shares of Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

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Oracle Trading Down 0.6 %

Oracle stock traded down $0.81 during mid-day trading on Tuesday, hitting $133.83. The company's stock had a trading volume of 8,619,117 shares, compared to its average volume of 9,290,326. The stock has a market cap of $374.33 billion, a PE ratio of 32.72, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a one year low of $112.78 and a one 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 50 day moving average of $153.73 and a 200-day moving average of $167.15.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for 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 business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. On average, research analysts anticipate that Oracle Co. will post 5 EPS for the current 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 dividend of $0.50 per share. This is an increase 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 1.49%. Oracle's dividend payout ratio (DPR) is 46.95%.

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Barclays dropped their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Mizuho reduced their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. Finally, DA Davidson cut their price target on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday. Thirteen investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $177.12.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,453,328 shares of company stock valued at $454,439,851. Company insiders own 42.20% of the company's stock.

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.