Rockefeller Capital Management L.P. Sells 57,777 Shares of Oracle Co. (NYSE:ORCL)

Rockefeller Capital Management L.P. cut its stake in Oracle Co. (NYSE:ORCL) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,288,328 shares of the enterprise software provider’s stock after selling 57,777 shares during the period. Oracle makes up approximately 0.6% of Rockefeller Capital Management L.P.’s holdings, making the stock its 23rd biggest position. Rockefeller Capital Management L.P.’s holdings in Oracle were worth $214,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC raised its stake 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 valued at $31,000 after buying an additional 87 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter worth about $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. increased its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ORCL shares. Morgan Stanley cut 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 cut their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Westpark Capital assumed coverage on Oracle in a research report on Tuesday, April 1st. They issued a “buy” rating and a $195.00 price target on the stock. Stifel Nicolaus cut their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Finally, KeyCorp restated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.65.

Insider Transactions at Oracle

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

Oracle Trading Down 0.8 %

ORCL opened at $132.27 on Friday. The firm’s fifty day moving average is $155.25 and its two-hundred day moving average is $167.63. The firm has a market cap of $369.94 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the business posted $1.41 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate 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. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

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.