Pinnacle Investment Management Ltd Invests $500,000 in Oracle Co. (NYSE:ORCL)

Pinnacle Investment Management Ltd purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the enterprise software provider’s stock, valued at approximately $500,000. Oracle makes up approximately 0.4% of Pinnacle Investment Management Ltd’s portfolio, making the stock its 18th biggest position.

Several other large investors have also recently modified their holdings of the stock. McClarren Financial Advisors Inc. increased its holdings in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after buying an additional 32,718 shares in the last quarter. Crews Bank & Trust purchased a new position in Oracle in the 4th quarter worth about $1,800,000. Boston Trust Walden Corp grew its stake in shares of Oracle by 40.8% in the fourth quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider’s stock worth $93,990,000 after acquiring an additional 163,543 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in shares of Oracle by 10.8% during the fourth quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider’s stock valued at $7,307,000 after purchasing an additional 4,259 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ORCL shares. DA Davidson dropped their target price on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Evercore ISI cut their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Cantor Fitzgerald dropped their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.42.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction 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 owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Up 0.3%

Shares of NYSE ORCL opened at $160.05 on Wednesday. The stock has a market capitalization of $447.65 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50-day moving average price is $143.33 and its 200-day moving average price is $162.36.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the business earned $1.41 earnings per share. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate 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 given a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. Oracle’s payout ratio is 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.