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

Navalign LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 5.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,972 shares of the enterprise software provider’s stock after selling 213 shares during the period. Navalign LLC’s holdings in Oracle were worth $419,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bison Wealth LLC increased its stake in shares of Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after purchasing an additional 91 shares during the last quarter. Founders Capital Management grew its stake in Oracle by 4.0% in the 3rd quarter. Founders Capital Management now owns 2,443 shares of the enterprise software provider’s stock valued at $259,000 after buying an additional 93 shares during the last quarter. MONECO Advisors LLC grew its stake in Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after buying an additional 94 shares during the last quarter. Mascoma Wealth Management LLC grew its stake in Oracle by 15.7% in the 3rd quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock valued at $74,000 after buying an additional 95 shares during the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.2 %

NYSE ORCL traded up $0.29 on Thursday, reaching $125.56. The company had a trading volume of 6,586,560 shares, compared to its average volume of 9,215,633. The firm has a market capitalization of $345.10 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 1-year low of $89.71 and a 1-year high of $132.77. The company’s fifty day moving average is $116.38 and its 200-day moving average is $111.47.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. On average, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. Oracle’s dividend payout ratio is 42.22%.

Analysts Set New Price Targets

A number of analysts have weighed in on ORCL shares. Evercore ISI reduced their price target on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. HSBC upped their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.80% 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.