Unigestion Holding SA Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Unigestion Holding SA boosted its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 81.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 16,586 shares of the enterprise software provider's stock after purchasing an additional 7,433 shares during the quarter. Unigestion Holding SA's holdings in Oracle were worth $2,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter valued at approximately $25,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth $30,000. Hurley Capital LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new position in Oracle during the 4th quarter worth $34,000. Finally, TFC Financial Management Inc. boosted its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded up $3.06 during trading on Thursday, hitting $171.16. The company's stock had a trading volume of 7,695,879 shares, compared to its average volume of 9,506,423. 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 company has a market cap of $478.73 billion, a PE ratio of 41.85, a P/E/G ratio of 3.46 and a beta of 1.32. The business has a fifty day moving average of $145.94 and a 200-day moving average of $160.87. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced 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 is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Oracle's payout ratio is presently 46.95%.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson lowered their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. KeyCorp reissued an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Jefferies Financial Group cut their target price on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Barclays lowered their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.