United Advisor Group LLC Lowers Holdings in Oracle Co. (NYSE:ORCL)

United Advisor Group LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 50.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,775 shares of the enterprise software provider’s stock after selling 1,803 shares during the period. United Advisor Group LLC’s holdings in Oracle were worth $296,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter worth approximately $25,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. raised its holdings 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 acquiring an additional 120 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley cut their target price on Oracle from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group cut their target price on Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price on the stock. Finally, Guggenheim reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Oracle in a research report on Thursday, April 3rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $174.42.

Oracle Trading Down 0.8%

Shares of NYSE ORCL opened at $156.04 on Tuesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $436.44 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31. The business has a fifty day moving average price of $143.76 and a 200 day moving average price of $161.60.

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

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. Oracle’s dividend payout ratio (DPR) is 46.95%.

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.