Oracle Co. (NYSE:ORCL) Stock Holdings Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 13.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,883,060 shares of the enterprise software provider’s stock after purchasing an additional 333,755 shares during the period. Mackenzie Financial Corp owned about 0.10% of Oracle worth $480,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter worth $25,000. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter worth about $33,000. Synergy Investment Management LLC bought a new stake in Oracle during the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. grew its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Morgan Stanley lowered their target price on Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Barclays dropped their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Evercore ISI cut their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $174.42.

Oracle Stock Performance

Shares of ORCL stock opened at $156.04 on Friday. The stock has a 50 day simple moving average of $143.68 and a 200-day simple moving average of $162.13. The company has a market cap of $436.44 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. 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 $114.55 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last released 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). The company 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% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Oracle’s dividend payout ratio is 46.95%.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,366 shares of company stock worth $4,015,723. Corporate insiders own 42.20% of the company’s stock.

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.