Tobam Cuts Position in Oracle Co. (NYSE:ORCL)

Tobam cut its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 76.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,628 shares of the enterprise software provider's stock after selling 18,262 shares during the period. Tobam's holdings in Oracle were worth $787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital & Planning LLC raised its position in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares during the period. Brighton Jones LLC raised its holdings in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Oracle in the fourth quarter worth approximately $51,084,000. Revolve Wealth Partners LLC raised its holdings in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Oracle by 13.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 550,414 shares of the enterprise software provider's stock worth $91,395,000 after buying an additional 65,980 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 2.0%

NYSE ORCL traded down $4.28 during midday trading on Monday, hitting $210.94. 22,603,823 shares of the company traded hands, compared to its average volume of 9,773,126. 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 market cap of $589.98 billion, a PE ratio of 51.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company's 50-day simple moving average is $154.61 and its 200-day simple moving average is $160.49. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated 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 transaction, the director now owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ORCL shares. Stifel Nicolaus increased their price target on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday. JMP Securities set a $240.00 price target on Oracle and gave the stock a "market outperform" rating in a report on Thursday. Barclays reiterated an "overweight" rating and issued a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday. Evercore ISI reiterated an "outperform" rating and issued a $215.00 price target (up from $180.00) on shares of Oracle in a report on Thursday. Finally, Citigroup reiterated an "outperform" rating on shares of Oracle in a report on Thursday. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $194.32.

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.