Picton Mahoney Asset Management Sells 92,617 Shares of Oracle Co. (NYSE:ORCL)

Picton Mahoney Asset Management reduced its position in Oracle Co. (NYSE:ORCL - Free Report) by 74.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,125 shares of the enterprise software provider's stock after selling 92,617 shares during the quarter. Picton Mahoney Asset Management's holdings in Oracle were worth $3,281,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle during the third quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its stake in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider's stock worth $36,000 after acquiring an additional 317 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $38,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

NYSE:ORCL traded down $0.54 during trading hours on Wednesday, reaching $117.39. The company had a trading volume of 4,635,195 shares, compared to its average volume of 8,200,177. Oracle Co. has a 1-year low of $96.10 and a 1-year high of $132.77. The firm has a market cap of $322.65 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The business's 50 day moving average price is $120.19 and its 200-day moving average price is $113.57. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle's payout ratio is currently 42.22%.

Insider Transactions at Oracle

In related news, Director Michael J. Boskin sold 45,000 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Oppenheimer initiated coverage on shares of Oracle in a report on Thursday, April 18th. They set a "market perform" rating for the company. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They set an "overweight" rating and a $150.00 price target for the company. William Blair upgraded shares of Oracle from a "market perform" rating to an "outperform" rating in a report on Tuesday, March 12th. Finally, Argus upgraded shares of Oracle from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $130.76.

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.

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