Oracle Co. (NYSE:ORCL) is Peninsula Wealth LLC’s 3rd Largest Position

Peninsula Wealth LLC lowered its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,800 shares of the enterprise software provider’s stock after selling 26,553 shares during the quarter. Oracle makes up about 10.9% of Peninsula Wealth LLC’s investment portfolio, making the stock its 3rd largest holding. Peninsula Wealth LLC’s holdings in Oracle were worth $63,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its stake in Oracle by 89.7% during the fourth 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 during the last quarter. Hurley Capital LLC bought a new stake in Oracle during the fourth quarter valued at $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $34,000. Finally, TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% in the 4th 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. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORCL shares. BMO Capital Markets lowered their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research report on Tuesday, March 11th. Citigroup dropped their price target on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of Oracle in a research report on Thursday, April 3rd. Morgan Stanley dropped their target price on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Finally, Barclays reduced their price target on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Thirteen equities 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’s stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.65.

View Our Latest Research Report on Oracle

Oracle Price Performance

Shares of Oracle stock opened at $132.27 on Monday. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $369.94 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The company’s 50-day moving average price is $155.25 and its two-hundred day moving average price is $167.63.

Oracle (NYSE:ORCLGet Free Report) last released its 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). The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,448,328 shares of company stock valued at $453,791,001 over the last three months. Company insiders own 42.20% of the company’s stock.

Oracle Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.