GTS Securities LLC Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

GTS Securities LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 89.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,934 shares of the enterprise software provider's stock after selling 123,532 shares during the quarter. GTS Securities LLC's holdings in Oracle were worth $2,322,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Oracle during the 4th quarter worth about $25,000. Hurley Capital LLC purchased a new position in Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. raised its position 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 during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the fourth quarter worth about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. KeyCorp restated an "overweight" rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. DA Davidson dropped their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley reduced their target price on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $174.42.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's 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 in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This represents a 7.93% 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 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $0.07 on Wednesday, reaching $161.84. The company's stock had a trading volume of 1,935,365 shares, compared to its average volume of 9,469,947. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31. The stock has a market capitalization of $452.65 billion, a P/E ratio of 39.58, a PEG ratio of 3.46 and a beta of 1.27. The stock's 50-day moving average is $143.94 and its two-hundred day moving average is $161.60. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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 net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The firm's revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's payout ratio is 46.95%.

Oracle 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.