TD Asset Management Inc. Buys 16,326 Shares of Oracle Co. (NYSE:ORCL)

TD Asset Management Inc. lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 835,999 shares of the enterprise software provider's stock after acquiring an additional 16,326 shares during the period. TD Asset Management Inc.'s holdings in Oracle were worth $139,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd bought a new stake in Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. boosted its holdings in 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 buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Oracle in the fourth quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

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Oracle Stock Down 3.5 %

Oracle stock traded down $5.03 during mid-day trading on Friday, hitting $140.75. 13,138,087 shares of the company's stock were exchanged, compared to its average volume of 8,963,386. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The stock has a 50 day moving average of $163.94 and a two-hundred day moving average of $170.22. The stock has a market cap of $393.67 billion, a P/E ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. DA Davidson reiterated a "neutral" rating and set a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. UBS Group reissued a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Finally, Citigroup decreased their target price on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average target price of $179.20.

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.