Oracle Co. (NYSE:ORCL) Shares Bought by Stonebrook Private Inc.

Stonebrook Private Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,098 shares of the enterprise software provider’s stock after acquiring an additional 871 shares during the quarter. Stonebrook Private Inc.’s holdings in Oracle were worth $683,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the last quarter. FMR LLC increased its stake in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC increased its stake in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after purchasing an additional 619,619 shares during the last quarter. Franklin Resources Inc. increased its stake in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last quarter. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the subject of several analyst reports. KeyCorp reiterated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Citigroup dropped their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. DA Davidson dropped their target price on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.42.

Oracle Trading Up 0.6%

Shares of ORCL opened at $160.31 on Friday. The company has a market capitalization of $448.39 billion, a P/E ratio of 39.20, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a one year low of $114.55 and a one year 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. The stock has a 50-day moving average price of $142.91 and a 200 day moving average price of $162.49.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.25%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 46.95%.

About Oracle

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.