Insigneo Advisory Services LLC Has $2.56 Million Position in Oracle Co. (NYSE:ORCL)

Insigneo Advisory Services LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,348 shares of the enterprise software provider’s stock after purchasing an additional 696 shares during the period. Insigneo Advisory Services LLC’s holdings in Oracle were worth $2,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Oracle during the fourth quarter valued at $2,216,314,000. Raymond James Financial Inc. acquired a new stake in shares of Oracle during the 4th quarter valued at about $930,095,000. Vanguard Group Inc. grew its stake in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC increased its holdings in Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock worth $1,787,003,000 after buying an additional 1,955,764 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Mizuho reduced their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday. Guggenheim reaffirmed a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.12.

Oracle Stock Performance

Shares of NYSE ORCL opened at $133.83 on Wednesday. The stock has a market capitalization of $374.33 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The stock has a 50 day moving average price of $153.73 and a 200 day moving average price of $167.15. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,453,328 shares of company stock worth $454,439,851 in the last ninety days. 42.20% of the stock is owned by company insiders.

Oracle Company 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.