Triglav Skladi D.O.O. Takes Position in Oracle Co. (NYSE:ORCL)

Triglav Skladi D.O.O. purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 145,720 shares of the enterprise software provider’s stock, valued at approximately $24,283,000. Oracle makes up 1.9% of Triglav Skladi D.O.O.’s investment portfolio, making the stock its 16th largest position.

Several other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Oracle in the fourth quarter valued at about $25,000. Hurley Capital LLC purchased a new position in Oracle in the fourth quarter valued at about $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the fourth quarter valued at about $34,000. TFC Financial Management Inc. grew its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Oracle in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of the firm’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 of the company’s stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Jefferies Financial Group cut their target price on Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. UBS Group reissued a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Bank of America lowered their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.42.

Oracle Price Performance

ORCL opened at $160.31 on Monday. The stock’s 50-day moving average price is $142.91 and its 200 day moving average price is $162.45. 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 Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The firm has a market cap of $448.39 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Oracle Company 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.