Lincluden Management Ltd. Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Lincluden Management Ltd. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,979 shares of the enterprise software provider’s stock after selling 7,131 shares during the quarter. Oracle accounts for approximately 1.4% of Lincluden Management Ltd.’s investment portfolio, making the stock its 18th largest position. Lincluden Management Ltd.’s holdings in Oracle were worth $11,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ORCL. R Squared Ltd purchased a new position in Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position 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. TFC Financial Management Inc. boosted its stake in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the period. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter worth about $44,000. Finally, Synergy Asset Management LLC purchased a new position in Oracle in the 4th quarter worth about $47,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ORCL shares. DA Davidson upped their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Citigroup raised their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 1.3 %

NYSE:ORCL opened at $170.00 on Tuesday. The company’s 50 day moving average is $168.97 and its two-hundred day moving average is $167.87. The company has a market cap of $475.48 billion, a PE ratio of 41.56, a P/E/G ratio of 3.46 and a beta of 1.05. Oracle Co. has a twelve month low of $109.79 and a twelve month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. Analysts anticipate that Oracle Co. will post 5 EPS for the current 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Oracle 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.