Investment Management Corp of Ontario Acquires 27,789 Shares of Oracle Co. (NYSE:ORCL)

Investment Management Corp of Ontario grew its position in Oracle Co. (NYSE:ORCL - Free Report) by 50.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 82,733 shares of the enterprise software provider's stock after buying an additional 27,789 shares during the period. Oracle accounts for approximately 0.5% of Investment Management Corp of Ontario's investment portfolio, making the stock its 29th largest holding. Investment Management Corp of Ontario's holdings in Oracle were worth $13,787,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ORCL. Requisite Capital Management LLC boosted its holdings in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after buying an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% during the 4th 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 grew its position in shares of Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after buying an additional 61 shares during the last quarter. Warther Private Wealth LLC lifted its holdings in Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after buying an additional 63 shares during the period. Finally, Howard Bailey Securities LLC increased its holdings in Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 1.9%

ORCL stock traded up $2.97 during midday trading on Tuesday, reaching $160.19. The company had a trading volume of 2,003,529 shares, compared to its average volume of 9,420,200. The company has a 50 day moving average of $142.02 and a two-hundred day moving average of $162.76. The company has a current ratio of 0.81, a quick 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. The company has a market capitalization of $448.06 billion, a P/E ratio of 39.17, a PEG ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. On average, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's payout ratio is currently 46.95%.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company'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 worth $4,015,723 over the last three months. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORCL. Stephens started 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. BMO Capital Markets reduced their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. DA Davidson decreased their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Evercore ISI dropped their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Finally, Jefferies Financial Group decreased their price objective on shares of Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

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.