Oracle Co. (NYSE:ORCL) Stake Lowered by Excalibur Management Corp

Excalibur Management Corp trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,859 shares of the enterprise software provider’s stock after selling 213 shares during the period. Excalibur Management Corp’s holdings in Oracle were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ORCL. Core Wealth Partners LLC lifted its stake in Oracle by 11.2% in the fourth quarter. Core Wealth Partners LLC now owns 6,056 shares of the enterprise software provider’s stock valued at $1,009,000 after acquiring an additional 608 shares during the last quarter. Ausdal Financial Partners Inc. raised its holdings in shares of Oracle by 16.5% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,008 shares of the enterprise software provider’s stock valued at $1,834,000 after purchasing an additional 1,557 shares in the last quarter. TrueMark Investments LLC lifted its stake in shares of Oracle by 101.4% in the 4th quarter. TrueMark Investments LLC now owns 34,603 shares of the enterprise software provider’s stock valued at $5,766,000 after purchasing an additional 17,426 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its holdings in Oracle by 32.0% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 7,849 shares of the enterprise software provider’s stock worth $1,308,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC acquired a new position in Oracle during the fourth quarter worth $690,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.8 %

Shares of NYSE:ORCL opened at $153.59 on Wednesday. The company has a market capitalization of $429.58 billion, a PE ratio of 37.55, a P/E/G ratio of 3.46 and a beta of 1.07. 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 company’s fifty day moving average is $164.84 and its 200-day moving average is $170.44. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm earned $1.41 earnings per share. Oracle’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ORCL. DA Davidson reiterated a “neutral” rating and set a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Stifel Nicolaus dropped their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Thirteen research 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’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $179.20.

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.