OneDigital Investment Advisors LLC Sells 3,725 Shares of Oracle Co. (NYSE:ORCL)

OneDigital Investment Advisors LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,698 shares of the enterprise software provider’s stock after selling 3,725 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Oracle were worth $7,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Howard Capital Management Group LLC increased its position in shares of Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after acquiring an additional 883 shares during the period. Principal Financial Group Inc. grew its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Morse Asset Management Inc purchased a new position in Oracle during the 3rd quarter worth $2,590,000. Westside Investment Management Inc. raised its position in Oracle by 0.6% during the 3rd quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider’s stock valued at $2,499,000 after purchasing an additional 86 shares in the last quarter. Finally, Tudor Financial Inc. purchased a new stake in shares of Oracle in the 3rd quarter worth $1,531,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This trade represents a 7.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,453,328 shares of company stock worth $454,439,851 in the last quarter. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 4.4 %

Shares of NYSE:ORCL opened at $122.98 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The business has a 50 day moving average of $149.86 and a two-hundred day moving average of $165.99. The company has a market capitalization of $343.97 billion, a PE ratio of 30.07, a PEG ratio of 3.46 and a beta of 1.22.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given 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 dividend yield of 1.63%. Oracle’s payout ratio is 46.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ORCL. Westpark Capital assumed coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a “buy” rating and a $195.00 price objective for the company. Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen investment 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. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.73.

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.