Triglav Skladi D.O.O. Takes $24.28 Million Position in Oracle Co. (NYSE:ORCL)

Triglav Skladi D.O.O. bought a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 145,720 shares of the enterprise software provider's stock, valued at approximately $24,283,000. Oracle comprises about 1.9% of Triglav Skladi D.O.O.'s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds have also bought and sold shares of the stock. R Squared Ltd acquired a new stake in Oracle during the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new stake in Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. increased its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Up 0.3%

Shares of NYSE:ORCL traded up $0.41 during mid-day trading on Tuesday, reaching $160.05. 7,569,800 shares of the company were exchanged, compared to its average volume of 9,489,356. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm's 50-day simple moving average is $143.33 and its 200 day simple moving average is $162.36. The firm has a market cap of $447.65 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analysts' expectations 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 last year, the company earned $1.41 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. Oracle's payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on shares of Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Bank of America dropped their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, DA Davidson reduced their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

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.