Lmcg Investments LLC Has $14.47 Million Holdings in Oracle Co. (NYSE:ORCL)

Lmcg Investments LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,461 shares of the enterprise software provider's stock after selling 12,203 shares during the quarter. Oracle accounts for approximately 1.0% of Lmcg Investments LLC's investment portfolio, making the stock its 24th largest position. Lmcg Investments LLC's holdings in Oracle were worth $14,465,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Oracle in the 4th quarter worth approximately $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC purchased a new stake in Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% during the fourth 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. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 1.8%

NYSE:ORCL traded up $3.08 on Friday, reaching $174.22. The stock had a trading volume of 6,828,176 shares, compared to its average volume of 9,509,731. Oracle Co. has a 12-month low of $118.86 and a 12-month high of $198.31. The firm's fifty day moving average is $146.56 and its two-hundred day moving average is $160.77. The company has a market cap of $487.29 billion, a price-to-earnings ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. 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 released its 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders 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 yield of 1.15%. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Buying and Selling

In other 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 value of $648,850.00. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,366 shares of company stock valued at $4,015,723. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ORCL shares. Wall Street Zen cut Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Westpark Capital initiated coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a "buy" rating and a $195.00 target price on the stock. Barclays decreased their price target on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, Cantor Fitzgerald dropped their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $174.42.

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.