Pitcairn Co. Has $2.96 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Pitcairn Co. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,754 shares of the enterprise software provider’s stock after purchasing an additional 584 shares during the quarter. Pitcairn Co.’s holdings in Oracle were worth $2,959,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Howard Capital Management Group LLC raised its position in shares of Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares during the period. Principal Financial Group Inc. grew its stake in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the last quarter. United Bank raised its holdings in Oracle by 4.8% in the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after acquiring an additional 519 shares during the period. Integrated Wealth Concepts LLC lifted its position in Oracle by 1.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 59,515 shares of the enterprise software provider’s stock worth $10,141,000 after acquiring an additional 971 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Oracle by 35.5% during the third quarter. IHT Wealth Management LLC now owns 21,610 shares of the enterprise software provider’s stock valued at $3,671,000 after acquiring an additional 5,663 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BMO Capital Markets dropped their price objective on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. DA Davidson reiterated a “neutral” rating and set a $150.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Finally, Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.65.

Oracle Price Performance

Oracle stock opened at $145.96 on Thursday. The business’s fifty day moving average is $162.14 and its two-hundred day moving average is $169.85. 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 has a market cap of $408.24 billion, a P/E ratio of 35.69, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 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.