Oracle Co. (NYSE:ORCL) Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,205 shares of the enterprise software provider's stock after selling 3,664 shares during the period. Mattson Financial Services LLC's holdings in Oracle were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. increased its stake in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after purchasing an additional 1,069 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Oracle in the fourth quarter valued at $1,800,000. Boston Trust Walden Corp increased its position in shares of Oracle by 40.8% in the fourth quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider's stock valued at $93,990,000 after buying an additional 163,543 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Oracle by 10.8% during the 4th quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider's stock worth $7,307,000 after buying an additional 4,259 shares during the last quarter. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter worth about $12,738,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $648,850.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 over the last three months. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 1.3%

Shares of NYSE ORCL traded up $2.13 during midday trading on Friday, hitting $165.03. The stock had a trading volume of 17,536,177 shares, compared to its average volume of 9,545,413. 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 Co. has a 1-year low of $114.55 and a 1-year high of $198.31. The company has a market capitalization of $461.58 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 3.46 and a beta of 1.27. The company has a fifty day moving average price of $144.32 and a 200 day moving average price of $161.43.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.21%. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ORCL. Bank of America dropped their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Stephens started coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. BMO Capital Markets reduced their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, Wall Street Zen downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Fourteen equities 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 stock. Based on data from MarketBeat.com, Oracle 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.