Oracle Co. (NYSE:ORCL) Shares Sold by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 32.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,635 shares of the enterprise software provider's stock after selling 4,199 shares during the quarter. Titan Global Capital Management USA LLC's holdings in Oracle were worth $1,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Monetary Management Group Inc. boosted its holdings in Oracle by 0.7% during the 4th quarter. Monetary Management Group Inc. now owns 22,285 shares of the enterprise software provider's stock valued at $3,714,000 after acquiring an additional 150 shares during the period. Heritage Trust Co purchased a new position in shares of Oracle in the fourth quarter valued at approximately $12,856,000. Oak Associates Ltd. OH grew its holdings in shares of Oracle by 0.6% in the fourth quarter. Oak Associates Ltd. OH now owns 281,234 shares of the enterprise software provider's stock valued at $46,865,000 after purchasing an additional 1,720 shares in the last quarter. Prepared Retirement Institute LLC grew its stake in shares of Oracle by 8.3% in the fourth quarter. Prepared Retirement Institute LLC now owns 1,950 shares of the enterprise software provider's stock worth $325,000 after acquiring an additional 150 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of Oracle by 8.0% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 1,843 shares of the enterprise software provider's stock worth $307,000 after acquiring an additional 136 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Mizuho cut their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday. Morgan Stanley decreased their price target on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. DA Davidson lowered their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Guggenheim reaffirmed a "buy" rating and set a $220.00 price target on shares of Oracle in a report on Thursday, April 3rd. Thirteen research 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $177.12.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on 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 of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,448,328 shares of company stock worth $453,791,001. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded down $0.40 during trading hours on Tuesday, hitting $134.24. 3,333,162 shares of the stock were exchanged, compared to its average volume of 9,253,795. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $375.46 billion, a price-to-earnings ratio of 32.82, 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 has a 50-day moving average of $154.50 and a 200 day moving average of $167.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the business earned $1.41 earnings per share. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. Oracle's dividend payout ratio (DPR) is 46.95%.

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.