Oracle Co. (NYSE:ORCL) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP lowered its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,054 shares of the enterprise software provider's stock after selling 11,054 shares during the quarter. Mirabella Financial Services LLP's holdings in Oracle were worth $1,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC boosted its holdings in 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. Hurley Capital LLC purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. grew its position in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 4.4 %

Shares of NYSE:ORCL traded up $5.78 during trading on Thursday, hitting $137.18. 3,169,601 shares of the company were exchanged, compared to its average volume of 9,344,768. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm's 50 day moving average price is $148.08 and its 200-day moving average price is $165.49. The stock has a market capitalization of $383.68 billion, a P/E ratio of 33.48, 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 earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. On average, research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.46%. Oracle's dividend payout ratio is 46.95%.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred 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 owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 34,630 shares in the company, valued at $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 352,174 shares of company stock worth $64,990,957 in the last 90 days. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. Stephens began coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. Mizuho dropped their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group dropped their price objective on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $174.42.

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.