Pinnacle Investment Management Ltd Invests $500,000 in Oracle Co. (NYSE:ORCL)

Pinnacle Investment Management Ltd purchased a new position in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the enterprise software provider's stock, valued at approximately $500,000. Oracle accounts for about 0.4% of Pinnacle Investment Management Ltd's portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Novem Group purchased a new position in Oracle during the fourth quarter valued at $490,000. Taylor Hoffman Capital Management LLC lifted its position in Oracle by 13.1% during the fourth quarter. Taylor Hoffman Capital Management LLC now owns 2,412 shares of the enterprise software provider's stock valued at $402,000 after buying an additional 280 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Oracle by 4.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 518,716 shares of the enterprise software provider's stock valued at $86,439,000 after buying an additional 20,761 shares during the period. Focus Partners Advisor Solutions LLC lifted its position in Oracle by 44.0% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 45,756 shares of the enterprise software provider's stock valued at $7,625,000 after buying an additional 13,983 shares during the period. Finally, First Heartland Consultants Inc. lifted its position in Oracle by 8.7% during the fourth quarter. First Heartland Consultants Inc. now owns 1,762 shares of the enterprise software provider's stock valued at $294,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Westpark Capital began coverage on Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective for the company. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a "sector perform" rating in a research report 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, Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Fourteen equities 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Stock Performance

NYSE:ORCL traded down $1.27 during mid-day trading on Friday, reaching $156.04. The company's stock had a trading volume of 6,526,074 shares, compared to its average volume of 9,509,817. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The firm's fifty day moving average price is $143.68 and its two-hundred day moving average price is $162.00. 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 stock has a market cap of $436.44 billion, a P/E ratio of 38.15, a PEG ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 firm had revenue of $14.13 billion for 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 company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Oracle's payout ratio is 46.95%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the company's 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 sale, the director now directly owns 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company'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 sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by company insiders.

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.