Headinvest LLC Has $8.04 Million Stake in Oracle Co. (NYSE:ORCL)

Headinvest LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,262 shares of the enterprise software provider’s stock after selling 1,609 shares during the period. Oracle makes up about 1.5% of Headinvest LLC’s investment portfolio, making the stock its 18th biggest position. Headinvest LLC’s holdings in Oracle were worth $8,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Oracle in the 4th quarter valued at $2,216,314,000. Raymond James Financial Inc. acquired a new position in Oracle in the fourth quarter valued at about $930,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock valued at $512,909,000 after purchasing an additional 2,242,520 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. Jefferies Financial Group dropped their target price on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, March 31st. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. DA Davidson cut their price target on Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price on the stock. Finally, Bank of America reduced their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.42.

Oracle Trading Down 1.9%

Shares of ORCL stock opened at $157.28 on Thursday. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The company has a market capitalization of $439.92 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The firm has a 50 day moving average price of $143.49 and a two-hundred day moving average price of $162.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. As a group, analysts predict that Oracle Co. will post 5 earnings per share 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. 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 presently 46.95%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 5,000 shares of the company’s 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 sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,366 shares of company stock worth $4,015,723. Corporate insiders own 42.20% of the company’s stock.

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.