AGF Management Ltd. cut its position in Oracle Co. (NYSE:ORCL - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,701 shares of the enterprise software provider's stock after selling 5,860 shares during the quarter. AGF Management Ltd.'s holdings in Oracle were worth $38,944,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC grew its holdings 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 worth $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. grew 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 worth $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Oracle during the fourth quarter valued at $47,000. Institutional investors and hedge funds own 42.44% of the company's stock.
Shares of ORCL stock traded up $6.99 during trading hours on Wednesday, reaching $151.17. The stock had a trading volume of 15,366,484 shares, compared to its average volume of 12,253,605. The stock's fifty day simple moving average is $166.82 and its 200 day simple moving average is $169.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $422.81 billion, a PE ratio of 36.96, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31.
Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued 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 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, April 10th. Oracle's payout ratio is currently 39.12%.
In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 42.20% of the company's stock.
A number of analysts have weighed in on the stock. Evercore ISI decreased their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday. Morgan Stanley lowered their target price on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday. 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 report on Tuesday. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $176.85.
Check Out Our Latest Analysis on ORCL
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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