Elo Mutual Pension Insurance Co Sells 5,590 Shares of Oracle Co. (NYSE:ORCL)

Elo Mutual Pension Insurance Co reduced its position in Oracle Co. (NYSE:ORCL) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,729 shares of the enterprise software provider’s stock after selling 5,590 shares during the quarter. Oracle accounts for approximately 0.5% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 28th largest holding. Elo Mutual Pension Insurance Co’s holdings in Oracle were worth $25,284,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% during 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 last quarter. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. increased its position 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 worth $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $147.71 on Thursday. The company has a fifty day moving average of $164.62 and a two-hundred day moving average of $170.28. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The stock has a market capitalization of $413.15 billion, a PE ratio of 36.12, a P/E/G 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 (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America dropped their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Stephens initiated coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target on the stock. Guggenheim reiterated a “buy” rating and set a $220.00 price objective on shares of Oracle in a research note on Wednesday, March 5th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Cantor Fitzgerald lowered their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $179.20.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’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 value 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 represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company’s stock.

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.