Oracle Co. (NYSE:ORCL) Shares Sold by Keel Point LLC

Keel Point LLC decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,686 shares of the enterprise software provider's stock after selling 2,671 shares during the period. Keel Point LLC's holdings in Oracle were worth $1,614,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORCL. LGT Financial Advisors LLC bought a new position in Oracle during the fourth quarter valued at approximately $200,000. Sulzberger Capital Advisors Inc. purchased a new stake in shares of Oracle during the 4th quarter worth approximately $235,000. Westbourne Investments Inc. bought a new position in shares of Oracle during the 4th quarter valued at approximately $229,000. JAT Capital Mgmt LP purchased a new position in shares of Oracle in the fourth quarter valued at $21,069,000. Finally, Parvin Asset Management LLC bought a new stake in Oracle in the fourth quarter worth $962,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ORCL shares. KeyCorp reissued an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Citigroup reduced their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Bank of America lowered their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

Oracle Stock Up 3.6 %

Oracle stock traded up $5.28 during midday trading on Friday, reaching $150.77. The company's stock had a trading volume of 11,338,726 shares, compared to its average volume of 9,424,655. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31. The stock has a market capitalization of $421.70 billion, a P/E ratio of 36.86, a PEG ratio of 3.46 and a beta of 1.22. 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 stock's 50-day simple moving average is $143.62 and its 200-day simple moving average is $163.90.

Oracle (NYSE:ORCL - Get Free Report) last released 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 company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred 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 owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.