Excalibur Management Corp Has $1.48 Million Position in Oracle Co. (NYSE:ORCL)

Excalibur Management Corp cut its holdings in Oracle Co. (NYSE:ORCL) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,859 shares of the enterprise software provider’s stock after selling 213 shares during the quarter. Excalibur Management Corp’s holdings in Oracle were worth $1,476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Core Wealth Partners LLC grew its stake in shares of Oracle by 11.2% during the fourth quarter. Core Wealth Partners LLC now owns 6,056 shares of the enterprise software provider’s stock worth $1,009,000 after purchasing an additional 608 shares during the period. Ausdal Financial Partners Inc. grew its position in shares of Oracle by 16.5% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,008 shares of the enterprise software provider’s stock worth $1,834,000 after buying an additional 1,557 shares during the period. TrueMark Investments LLC increased its stake in shares of Oracle by 101.4% in the 4th quarter. TrueMark Investments LLC now owns 34,603 shares of the enterprise software provider’s stock valued at $5,766,000 after acquiring an additional 17,426 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in shares of Oracle by 32.0% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 7,849 shares of the enterprise software provider’s stock valued at $1,308,000 after acquiring an additional 1,904 shares during the period. Finally, Morey & Quinn Wealth Partners LLC bought a new position in Oracle during the 4th quarter worth approximately $690,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ORCL shares. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. JMP Securities restated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets dropped their price target on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 11th. Finally, Barclays cut their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Thirteen research 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.20.

Oracle Price Performance

Shares of ORCL stock opened at $153.59 on Wednesday. The company has a market cap of $429.58 billion, a P/E ratio of 37.55, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $164.84 and a 200 day simple moving average of $170.44. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued 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). The business 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%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 EPS. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 10th. 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.