Brooks Moore & Associates Inc. Sells 133 Shares of Oracle Co. (NYSE:ORCL)

Brooks Moore & Associates Inc. reduced its position in Oracle Co. (NYSE:ORCL) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,725 shares of the enterprise software provider’s stock after selling 133 shares during the period. Oracle makes up 1.6% of Brooks Moore & Associates Inc.’s investment portfolio, making the stock its 22nd largest holding. Brooks Moore & Associates Inc.’s holdings in Oracle were worth $2,787,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 87 shares during the last quarter. Hurley Capital LLC purchased a new position in Oracle during the fourth quarter worth about $33,000. Synergy Investment Management LLC bought a new stake in Oracle in the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. increased its stake in Oracle by 129.0% in 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 during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 1.0 %

ORCL opened at $149.24 on Tuesday. The firm has a market capitalization of $417.42 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a one year low of $114.55 and a one year high of $198.31. The business has a 50 day simple moving average of $143.16 and a two-hundred day simple moving average of $163.56. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

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

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. Royal Bank of Canada set a $145.00 target price on Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, March 31st. UBS Group reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Bank of America dropped their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Morgan Stanley reduced their price objective on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Fourteen investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.42.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93 % decrease in their position. The disclosure for this sale can be found here. 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.