Investment Partners LTD. Has $1.85 Million Position in Oracle Co. (NYSE:ORCL)

Investment Partners LTD. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 17,578 shares of the enterprise software provider’s stock after selling 498 shares during the quarter. Investment Partners LTD.’s holdings in Oracle were worth $1,853,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Wealth Partners LLC increased its stake in Oracle by 8.3% during the 4th quarter. Private Wealth Partners LLC now owns 19,794 shares of the enterprise software provider’s stock valued at $2,087,000 after purchasing an additional 1,525 shares in the last quarter. Valmark Advisers Inc. increased its stake in Oracle by 2.9% during the 4th quarter. Valmark Advisers Inc. now owns 3,967 shares of the enterprise software provider’s stock valued at $418,000 after purchasing an additional 110 shares in the last quarter. Addison Advisors LLC increased its stake in Oracle by 10.9% during the 4th quarter. Addison Advisors LLC now owns 5,738 shares of the enterprise software provider’s stock valued at $605,000 after purchasing an additional 566 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in Oracle during the 4th quarter valued at $2,101,000. Finally, Citizens Financial Group Inc. RI increased its stake in Oracle by 3.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 121,803 shares of the enterprise software provider’s stock valued at $12,842,000 after purchasing an additional 3,976 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock traded up $2.32 on Friday, reaching $117.21. The stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a market cap of $322.15 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The business’s 50 day moving average is $119.42 and its two-hundred day moving average is $113.11.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. HSBC upped their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.80% of the company’s stock.

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.