Townsquare Capital LLC Buys 58,416 Shares of Oracle Co. (NYSE:ORCL)

Townsquare Capital LLC raised its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 432,372 shares of the enterprise software provider's stock after acquiring an additional 58,416 shares during the quarter. Oracle makes up about 0.8% of Townsquare Capital LLC's portfolio, making the stock its 22nd largest holding. Townsquare Capital LLC's holdings in Oracle were worth $72,051,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. R Squared Ltd bought a new position in shares of Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in 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 in the last quarter. Hurley Capital LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. raised its position in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the period. Institutional investors 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 business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value 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 trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock worth $453,791,001 over the last three months. 42.20% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

A number of analysts have commented on ORCL shares. Bank of America decreased their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. BMO Capital Markets decreased their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. cut their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. Finally, StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average target price of $178.27.

Oracle Stock Up 1.5 %

Oracle stock traded up $1.98 during mid-day trading on Monday, hitting $134.33. The company had a trading volume of 8,208,279 shares, compared to its average volume of 9,276,263. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $375.72 billion, a PE ratio of 32.84, a price-to-earnings-growth 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. The stock's 50 day moving average price is $155.25 and its two-hundred day moving average price is $167.63.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. As a group, sell-side 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is presently 46.95%.

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.