Objective Capital Management LLC Sells 351 Shares of Oracle Co. (NYSE:ORCL)

Objective Capital Management LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,256 shares of the enterprise software provider’s stock after selling 351 shares during the period. Objective Capital Management LLC’s holdings in Oracle were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Evercore ISI decreased their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Citigroup lowered their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a research report on Thursday, April 3rd. Wall Street Zen lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Fourteen equities research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.42.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company’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 sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,366 shares of company stock worth $4,015,723. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $161.84 on Wednesday. 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 firm has a market capitalization of $452.66 billion, a P/E ratio of 39.57, a PEG ratio of 3.46 and a beta of 1.27. The business has a 50-day moving average of $143.94 and a 200-day moving average of $161.60. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the business earned $1.41 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 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.