Oracle Co. (NYSE:ORCL) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 89.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,538 shares of the enterprise software provider's stock after selling 138,260 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Oracle were worth $2,589,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. R Squared Ltd bought a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Oracle stock traded down $1.49 during trading hours on Monday, hitting $149.24. 5,184,666 shares of the stock traded hands, compared to its average volume of 9,427,464. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The stock has a market capitalization of $417.42 billion, a price-to-earnings ratio of 36.49, a P/E/G ratio of 3.46 and a beta of 1.27. 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 firm's 50 day moving average price is $143.62 and its 200-day moving average price is $163.74.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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 business 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%. Oracle's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 EPS. As a group, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is currently 46.95%.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle 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 directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade 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 can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ORCL shares. Morgan Stanley decreased their target price on Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price on the stock. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Finally, Citigroup lowered their price target on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. 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. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average 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.