Phoenix Financial Ltd. Sells 20,431 Shares of Oracle Co. (NYSE:ORCL)

Phoenix Financial Ltd. cut its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 583,573 shares of the enterprise software provider's stock after selling 20,431 shares during the quarter. Oracle comprises 1.3% of Phoenix Financial Ltd.'s portfolio, making the stock its 25th largest position. Phoenix Financial Ltd.'s holdings in Oracle were worth $97,248,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. F M Investments LLC grew its holdings in shares of Oracle by 50.6% in the 4th quarter. F M Investments LLC now owns 37,458 shares of the enterprise software provider's stock valued at $6,242,000 after buying an additional 12,589 shares during the period. Cutler Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $500,000. Spreng Capital Management Inc. bought a new stake in Oracle in the 4th quarter valued at $229,000. DRW Securities LLC boosted its position in shares of Oracle by 126.5% during the fourth quarter. DRW Securities LLC now owns 10,576 shares of the enterprise software provider's stock worth $1,762,000 after buying an additional 5,907 shares during the period. Finally, Waddell & Associates LLC grew its holdings in shares of Oracle by 13.7% in the 4th quarter. Waddell & Associates LLC now owns 8,797 shares of the enterprise software provider's stock valued at $1,466,000 after acquiring an additional 1,060 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

NYSE ORCL traded up $1.26 during trading on Monday, hitting $133.61. 2,902,694 shares of the company's stock were exchanged, compared to its average volume of 9,256,202. The company has a market cap of $373.70 billion, a PE ratio of 32.67, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. 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 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 posted its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company posted $1.41 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.50%. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This trade 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 hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the 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 sale, 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. In the last 90 days, insiders sold 2,448,328 shares of company stock worth $453,791,001. Insiders own 42.20% of the company's stock.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. KeyCorp reiterated an "overweight" rating and issued a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. JMP Securities reiterated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Evercore ISI dropped their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Guggenheim reiterated a "buy" rating and issued a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.