Oracle Co. (NYSE:ORCL) Holdings Lowered by Shelton Capital Management

Shelton Capital Management reduced its stake in Oracle Co. (NYSE:ORCL) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,704 shares of the enterprise software provider’s stock after selling 7,349 shares during the period. Oracle accounts for approximately 0.6% of Shelton Capital Management’s holdings, making the stock its 26th biggest position. Shelton Capital Management’s holdings in Oracle were worth $24,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. R Squared Ltd acquired a new stake in Oracle in the 4th quarter valued at 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. Hurley Capital LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter worth approximately $34,000. Finally, TFC Financial Management Inc. grew its position in Oracle by 129.0% in 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 during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,448,328 shares of company stock worth $453,791,001 in the last quarter. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

NYSE ORCL opened at $127.03 on Tuesday. The firm has a market cap of $355.29 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The stock’s 50-day moving average is $159.43 and its two-hundred day moving average is $169.09. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.57%. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 price objective for the company. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Bank of America reduced their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Company 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.