Malaga Cove Capital LLC Has $2.08 Million Holdings in Oracle Co. (NYSE:ORCL)

Malaga Cove Capital LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,765 shares of the enterprise software provider’s stock after selling 1,615 shares during the period. Malaga Cove Capital LLC’s holdings in Oracle were worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Orion Capital Management LLC bought a new stake in shares of Oracle in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in Oracle in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC increased its stake in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its stake in Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Oracle Stock Up 0.7 %

ORCL stock traded up $0.84 during mid-day trading on Friday, reaching $115.80. 4,484,976 shares of the company traded hands, compared to its average volume of 6,128,065. The stock has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. Oracle Co. has a fifty-two week low of $94.41 and a fifty-two week high of $132.77. The firm’s 50 day moving average price is $119.91 and its 200 day moving average price is $113.32. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, equities research analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s payout ratio is 42.22%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $130.76.

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.