Oracle Co. (NYSE:ORCL) Stake Lowered by Tobam

Tobam trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,890 shares of the enterprise software provider’s stock after selling 18,036 shares during the period. Oracle comprises approximately 1.2% of Tobam’s portfolio, making the stock its 29th biggest holding. Tobam’s holdings in Oracle were worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the last quarter. RMR Wealth Builders raised its holdings in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after buying an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Oracle during the 4th quarter worth about $1,800,000. Finally, Chase Investment Counsel Corp acquired a new position in shares of Oracle during the 3rd quarter valued at about $4,160,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $172.53 on Friday. The firm has a market cap of $482.56 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The company’s 50-day moving average price is $170.83 and its two-hundred day moving average price is $164.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.34 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Evercore ISI raised their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on 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 completion of the sale, 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. Insiders own 42.20% of the company’s stock.

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.