Pinnacle Wealth Planning Services Inc. Has $1.51 Million Holdings in Oracle Co. (NYSE:ORCL)

Pinnacle Wealth Planning Services Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,057 shares of the enterprise software provider’s stock after selling 1,386 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Oracle were worth $1,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Oracle in the 4th quarter valued at about $25,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. grew its position in 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 buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Oracle stock opened at $156.04 on Monday. The company has a market capitalization of $436.44 billion, a PE ratio of 38.15, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a 50-day moving average price of $143.68 and a two-hundred day moving average price of $161.83. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31.

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

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Bank of America dropped their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their price objective on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $174.42.

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.