Sunbeam Capital Management LLC Purchases Shares of 4,050 Oracle Co. (NYSE:ORCL)

Sunbeam Capital Management LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,050 shares of the enterprise software provider's stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Requisite Capital Management LLC lifted its position in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after acquiring an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its position in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares during the last quarter. McLean Asset Management Corp lifted its position in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after acquiring an additional 61 shares during the last quarter. Warther Private Wealth LLC lifted its position in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after acquiring an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC lifted its position in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.56 during trading on Thursday, hitting $162.29. 3,259,531 shares of the company were exchanged, compared to its average volume of 10,825,658. The business's 50 day moving average is $144.16 and its 200-day moving average is $161.61. The company has a market capitalization of $453.91 billion, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. 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.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 earnings per share. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Cantor Fitzgerald dropped their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and issued a $220.00 price target on shares of Oracle in a research report on Thursday, April 3rd. Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target for the company. BMO Capital Markets dropped their price target on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research report on Tuesday, March 11th. Finally, DA Davidson dropped their price target on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Fourteen 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The shares were 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 in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 over the last three months. Company insiders own 42.20% of the company's stock.

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.