Mackenzie Financial Corp Increases Stock Position in Oracle Co. (NYSE:ORCL)

Mackenzie Financial Corp grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,883,060 shares of the enterprise software provider's stock after buying an additional 333,755 shares during the quarter. Mackenzie Financial Corp owned 0.10% of Oracle worth $480,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Oracle in the fourth quarter valued at about $25,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. lifted its stake 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 purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL traded up $0.26 on Wednesday, hitting $162.17. The company's stock had a trading volume of 2,267,057 shares, compared to its average volume of 9,471,524. The company has a market capitalization of $453.59 billion, a PE ratio of 39.62, a PEG ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day simple moving average of $143.94 and a 200 day simple moving average of $161.60. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its 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 company had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the business earned $1.41 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred 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 transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company'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 completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 over the last 90 days. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. Evercore ISI decreased their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. UBS Group reissued a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. BMO Capital Markets dropped their price objective on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Finally, Stephens began coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. 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 MarketBeat, the company 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.