Oracle Co. (NYSE:ORCL) Shares Sold by Greenspring Advisors LLC

Greenspring Advisors LLC reduced its position in Oracle Co. (NYSE:ORCL) by 36.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,246 shares of the enterprise software provider’s stock after selling 1,261 shares during the quarter. Greenspring Advisors LLC’s holdings in Oracle were worth $314,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth $34,000. TFC Financial Management Inc. boosted its position in shares of 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 purchasing an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the 4th quarter worth $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Citigroup decreased their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a research report on Thursday. Finally, Morgan Stanley decreased their price objective on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Fourteen research 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. Based on data from MarketBeat.com, 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 2,866 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the 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 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 disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 in the last 90 days. 42.20% of the stock is currently owned by insiders.

Oracle Trading Up 1.8%

NYSE ORCL opened at $174.22 on Friday. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The company has a 50-day moving average of $147.20 and a 200-day moving average of $160.46. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $487.29 billion, a P/E ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the company earned $1.41 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is currently 46.95%.

Oracle 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.