Robeco Schweiz AG Sells 54,200 Shares of Oracle Co. (NYSE:ORCL)

Robeco Schweiz AG cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 89.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,300 shares of the enterprise software provider’s stock after selling 54,200 shares during the quarter. Robeco Schweiz AG’s holdings in Oracle were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. R Squared Ltd bought a new stake in Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC grew its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. increased its stake in shares of 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 purchasing an additional 120 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth approximately $44,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 2.3 %

Shares of ORCL opened at $172.37 on Thursday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $109.79 and a 1-year high of $198.31. The company has a market capitalization of $482.11 billion, a P/E ratio of 42.14, a P/E/G ratio of 3.46 and a beta of 1.05. The firm’s 50 day simple moving average is $169.08 and its 200 day simple moving average is $168.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Guggenheim lifted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Evercore ISI increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.