Te Ahumairangi Investment Management Ltd Sells 7,640 Shares of Oracle Co. (NYSE:ORCL)

Te Ahumairangi Investment Management Ltd reduced its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 23.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,718 shares of the enterprise software provider's stock after selling 7,640 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in Oracle were worth $4,119,000 at the end of the most recent reporting period.

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

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company's stock.

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Oracle Price Performance

NYSE:ORCL traded up $4.02 during mid-day trading on Wednesday, reaching $145.96. The stock had a trading volume of 11,539,620 shares, compared to its average volume of 9,037,719. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The stock has a market capitalization of $408.24 billion, a PE ratio of 35.69, a P/E/G ratio of 3.46 and a beta of 1.07. 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 stock has a 50-day simple moving average of $162.14 and a two-hundred day simple moving average of $169.85.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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 business 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 business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ORCL shares. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Stephens initiated coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. StockNews.com cut Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, UBS Group restated a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

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.