Oracle Co. (NYSE:ORCL) Shares Bought by Selway Asset Management

Selway Asset Management lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 18.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,925 shares of the enterprise software provider's stock after purchasing an additional 7,150 shares during the period. Oracle comprises about 2.6% of Selway Asset Management's holdings, making the stock its 12th largest holding. Selway Asset Management's holdings in Oracle were worth $6,421,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

ORCL has been the subject of several research analyst reports. KeyCorp restated an "overweight" rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Stifel Nicolaus cut their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley decreased their target price on Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Evercore ISI dropped their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Oracle Price Performance

Shares of NYSE ORCL traded down $0.97 during midday trading on Wednesday, hitting $168.17. The company had a trading volume of 6,372,366 shares, compared to its average volume of 9,505,015. The firm has a market capitalization of $470.36 billion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a twelve month low of $118.72 and a twelve month high of $198.31. The business has a 50-day simple moving average of $145.39 and a two-hundred day simple moving average of $160.82. 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 (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 (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $14.40 billion. During the same period last year, the company earned $1.41 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.19%. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. 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 three months. 42.20% of the stock is currently owned by insiders.

Oracle Company 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.