RNC Capital Management LLC Sells 405 Shares of Oracle Co. (NYSE:ORCL)

RNC Capital Management LLC decreased its position in Oracle Co. (NYSE:ORCL) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 33,038 shares of the enterprise software provider’s stock after selling 405 shares during the quarter. RNC Capital Management LLC’s holdings in Oracle were worth $3,483,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Columbia Trust Co 01012016 bought a new stake in shares of Oracle in the 4th quarter worth $236,000. PFG Investments LLC grew its stake in shares of Oracle by 15.9% in the 4th quarter. PFG Investments LLC now owns 12,152 shares of the enterprise software provider’s stock worth $1,281,000 after acquiring an additional 1,670 shares in the last quarter. Roberts Wealth Advisors LLC grew its stake in shares of Oracle by 0.7% in the 4th quarter. Roberts Wealth Advisors LLC now owns 14,254 shares of the enterprise software provider’s stock worth $1,503,000 after acquiring an additional 105 shares in the last quarter. Trust Co of the South bought a new stake in shares of Oracle in the 4th quarter worth $349,000. Finally, Schechter Investment Advisors LLC grew its stake in shares of Oracle by 19.2% in the 4th quarter. Schechter Investment Advisors LLC now owns 19,847 shares of the enterprise software provider’s stock worth $2,092,000 after acquiring an additional 3,201 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.80% of the stock is owned by company insiders.

Oracle Trading Down 0.9 %

Shares of Oracle stock opened at $125.28 on Thursday. Oracle Co. has a 12-month low of $89.48 and a 12-month high of $132.77. The company has a market cap of $344.33 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.45 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company’s 50-day moving average price is $116.00 and its 200-day moving average price is $111.37.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, equities analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. KeyCorp initiated coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Morgan Stanley cut their price target on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. Finally, Erste Group Bank reissued a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

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.