Insight 2811 Inc. Trims Holdings in Oracle Co. (NYSE:ORCL)

Insight 2811 Inc. lowered its position in Oracle Co. (NYSE:ORCL) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,463 shares of the enterprise software provider’s stock after selling 290 shares during the period. Oracle makes up approximately 0.5% of Insight 2811 Inc.’s investment portfolio, making the stock its 25th largest holding. Insight 2811 Inc.’s holdings in Oracle were worth $910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% in the fourth 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. Synergy Investment Management LLC acquired a new position in Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. grew 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 period. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target on the stock. Bank of America dropped their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Evercore ISI reduced their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. BMO Capital Markets dropped their price objective on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.20.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $154.98 on Tuesday. The business’s 50 day moving average price is $164.89 and its 200 day moving average price is $170.36. The company has a market cap of $433.46 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $112.78 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared 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. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

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.