MainStreet Investment Advisors LLC Grows Holdings in Oracle Co. (NYSE:ORCL)

MainStreet Investment Advisors LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,001 shares of the enterprise software provider’s stock after buying an additional 217 shares during the period. MainStreet Investment Advisors LLC’s holdings in Oracle were worth $1,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter worth about $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter worth about $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 3.2%

ORCL stock opened at $162.29 on Wednesday. Oracle Co. has a 52 week low of $114.55 and a 52 week high of $198.31. The company has a market capitalization of $453.92 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The firm’s 50-day moving average is $142.26 and its two-hundred day moving average is $162.76. 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 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 return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 in the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on ORCL shares. DA Davidson decreased their price target on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target for the company. Bank of America decreased their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.