Oracle Co. (NYSE:ORCL) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. reduced its position in Oracle Co. (NYSE:ORCL) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 70,979 shares of the enterprise software provider’s stock after selling 7,131 shares during the quarter. Oracle comprises about 1.4% of Lincluden Management Ltd.’s portfolio, making the stock its 18th biggest holding. Lincluden Management Ltd.’s holdings in Oracle were worth $11,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wrapmanager Inc. boosted its position in Oracle by 5.1% during the fourth quarter. Wrapmanager Inc. now owns 9,685 shares of the enterprise software provider’s stock worth $1,614,000 after purchasing an additional 471 shares in the last quarter. Mengis Capital Management Inc. lifted its position in shares of Oracle by 5.0% during the 4th quarter. Mengis Capital Management Inc. now owns 4,178 shares of the enterprise software provider’s stock valued at $696,000 after buying an additional 200 shares in the last quarter. CWS Financial Advisors LLC acquired a new stake in Oracle in the 4th quarter valued at $201,000. Prasad Wealth Partners LLC acquired a new stake in Oracle in the 4th quarter valued at $682,000. Finally, BankPlus Trust Department purchased a new stake in Oracle in the 4th quarter worth $626,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE ORCL opened at $170.00 on Tuesday. The stock has a market cap of $475.48 billion, a PE ratio of 41.56, a P/E/G ratio of 3.46 and a beta of 1.05. Oracle Co. has a twelve month low of $109.79 and a twelve month high of $198.31. The stock has a fifty day simple moving average of $168.97 and a 200-day simple moving average of $167.87. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Citigroup raised their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, DA Davidson boosted their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by insiders.

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.