Dimension Capital Management LLC Buys 116 Shares of Oracle Co. (NYSE:ORCL)

Dimension Capital Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,483 shares of the enterprise software provider’s stock after purchasing an additional 116 shares during the period. Dimension Capital Management LLC’s holdings in Oracle were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ORCL. Principal Financial Group Inc. boosted its position 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 worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $375,000. Worth Asset Management LLC acquired a new stake in Oracle in the 4th quarter worth approximately $2,340,000. Fulton Bank N.A. increased its stake in Oracle by 14.0% during the 4th quarter. Fulton Bank N.A. now owns 46,740 shares of the enterprise software provider’s stock valued at $7,789,000 after purchasing an additional 5,739 shares in the last quarter. Finally, InvesTrust acquired a new stake in shares of Oracle during the fourth quarter worth $8,667,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $149.29 on Thursday. The firm’s 50-day simple moving average is $142.49 and its 200-day simple moving average is $163.36. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The firm has a market cap of $417.56 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. 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 released its quarterly earnings data 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 business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the company earned $1.41 EPS. Oracle’s revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. JMP Securities reiterated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Mizuho cut their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus dropped their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Finally, Westpark Capital initiated coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price target for the company. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $174.42.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the 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 in the company, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by company insiders.

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.