Burgundy Asset Management Ltd. Has $82.08 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Burgundy Asset Management Ltd. trimmed its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 29.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,542 shares of the enterprise software provider's stock after selling 204,101 shares during the quarter. Burgundy Asset Management Ltd.'s holdings in Oracle were worth $82,077,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Oracle in the fourth quarter worth about $25,000. Hurley Capital LLC bought a new stake in Oracle during the fourth quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the fourth quarter worth approximately $34,000. TFC Financial Management Inc. increased its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter worth $36,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ORCL. Evercore ISI reduced their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Morgan Stanley reduced their target price on Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 in the last three months. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE ORCL traded up $6.02 on Tuesday, reaching $161.99. The company's stock had a trading volume of 3,244,867 shares, compared to its average volume of 9,485,651. Oracle Co. has a 52 week low of $114.55 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 firm has a market cap of $453.07 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The business has a 50-day moving average price of $143.76 and a 200 day moving average price of $161.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business earned $1.41 EPS. Oracle's quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is 46.95%.

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.