Twin Capital Management Inc. Has $5.37 Million Holdings in Oracle Co. (NYSE:ORCL)

Twin Capital Management Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 55.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,232 shares of the enterprise software provider’s stock after buying an additional 11,444 shares during the quarter. Twin Capital Management Inc.’s holdings in Oracle were worth $5,371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. R Squared Ltd bought a new position in Oracle in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new stake in Oracle during the 4th quarter valued at $34,000. Finally, TFC Financial Management Inc. raised its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ORCL. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Stifel Nicolaus lowered their price target on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Thursday. Citigroup lowered their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $178.65.

Oracle Price Performance

NYSE:ORCL opened at $128.17 on Monday. Oracle Co. has a 52-week low of $112.78 and a 52-week 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 firm has a market capitalization of $358.48 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22. The stock has a fifty day moving average of $160.05 and a 200 day moving average of $169.38.

Oracle (NYSE:ORCL) last announced its earnings results 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). The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. On average, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,448,328 shares of company stock valued at $453,791,001. 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.