Oracle Co. (NYSE:ORCL) Position Increased by FWL Investment Management LLC

FWL Investment Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,944 shares of the enterprise software provider’s stock after purchasing an additional 344 shares during the period. Oracle makes up approximately 3.3% of FWL Investment Management LLC’s portfolio, making the stock its 9th largest position. FWL Investment Management LLC’s holdings in Oracle were worth $9,156,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Requisite Capital Management LLC lifted its holdings in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after buying an additional 60 shares in the last quarter. McLean Asset Management Corp raised its stake in shares of Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after acquiring an additional 61 shares during the last quarter. Warther Private Wealth LLC boosted its holdings in shares of Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after acquiring an additional 63 shares in the last quarter. Finally, Howard Bailey Securities LLC grew its position in Oracle by 2.9% during the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $149.29 on Thursday. The firm has a market cap of $417.56 billion, a P/E ratio of 36.50, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50 day moving average price is $142.49 and its two-hundred day moving average price is $163.36.

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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the company posted $1.41 earnings per share. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. Barclays decreased their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. DA Davidson dropped their target price on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Finally, Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.42.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction 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 approximately $8,785,531.60. The trade was a 23.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,366 shares of company stock worth $4,015,723. Corporate insiders own 42.20% of the company’s stock.

Oracle Profile

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.