Oarsman Capital Inc. Has $1.18 Million Position in Oracle Co. (NYSE:ORCL)

Oarsman Capital Inc. lessened its stake in Oracle Co. (NYSE:ORCL) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,207 shares of the enterprise software provider’s stock after selling 94 shares during the period. Oarsman Capital Inc.’s holdings in Oracle were worth $1,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sandy Spring Bank raised its position in shares of Oracle by 1.4% in the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after acquiring an additional 1,107 shares in the last quarter. Hancock Whitney Corp increased its holdings in Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after purchasing an additional 3,291 shares in the last quarter. LVM Capital Management Ltd. MI increased its holdings in Oracle by 3.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Heritage Wealth Advisors lifted its stake in Oracle by 0.6% in the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after buying an additional 109 shares during the period. Finally, Seven Mile Advisory boosted its holdings in shares of Oracle by 10.6% during the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after buying an additional 502 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Stifel Nicolaus increased their price objective on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday. Bank of America boosted their target price on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock worth $110,488,150 over the last three months. 42.80% of the stock is currently owned by insiders.

Oracle Stock Performance

ORCL stock opened at $137.90 on Friday. The business has a 50 day moving average of $120.78 and a 200-day moving average of $115.98. The firm has a market cap of $379.02 billion, a PE ratio of 37.67, a P/E/G ratio of 2.93 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $142.40. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 4.98 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is 43.13%.

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.