Silver Coast Investments LLC Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Silver Coast Investments LLC lowered its position in Oracle Co. (NYSE:ORCL) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,575 shares of the enterprise software provider’s stock after selling 164 shares during the period. Silver Coast Investments LLC’s holdings in Oracle were worth $262,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of 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 stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the last quarter. TFC Financial Management Inc. increased its position 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 buying an additional 120 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in Oracle in the fourth quarter valued at about $47,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Oracle in the fourth quarter worth about $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of Oracle stock opened at $166.09 on Monday. The firm has a market cap of $464.55 billion, a PE ratio of 40.61, a P/E/G ratio of 3.46 and a beta of 1.05. The business has a 50-day moving average price of $168.93 and a 200 day moving average price of $168.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $110.36 and a twelve month high of $198.31.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. UBS Group upped their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI upped their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

About Oracle

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.