Oracle Co. (NYSE:ORCL) Shares Bought by Czech National Bank

Czech National Bank lifted its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 372,602 shares of the enterprise software provider's stock after buying an additional 24,125 shares during the quarter. Czech National Bank's holdings in Oracle were worth $52,093,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ORCL. R Squared Ltd bought a new position in Oracle in the fourth quarter valued at about $25,000. Sunbeam Capital Management LLC bought a new position in Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new position in Oracle in the fourth quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in Oracle in the fourth quarter valued at about $34,000. Finally, TFC Financial Management Inc. grew its position in 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 acquiring an additional 120 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now 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 three months, insiders sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ORCL shares. UBS Group restated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. Cantor Fitzgerald cut their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, Barclays cut their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Fourteen investment 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 data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Price Performance

Shares of Oracle stock traded up $0.92 during mid-day trading on Monday, reaching $166.45. 7,164,637 shares of the stock traded hands, compared to its average volume of 9,517,834. The business has a 50-day moving average of $144.55 and a 200 day moving average of $160.88. Oracle Co. has a fifty-two week low of $117.34 and a fifty-two week high of $198.31. The stock has a market capitalization of $465.55 billion, a PE ratio of 40.70, a PEG ratio of 3.46 and a beta of 1.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 company had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle'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. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.20%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is presently 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.