Malaga Cove Capital LLC Sells 494 Shares of Oracle Co. (NYSE:ORCL)

Malaga Cove Capital LLC lowered its position in Oracle Co. (NYSE:ORCL) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,825 shares of the enterprise software provider’s stock after selling 494 shares during the period. Oracle accounts for 1.0% of Malaga Cove Capital LLC’s portfolio, making the stock its 27th largest holding. Malaga Cove Capital LLC’s holdings in Oracle were worth $2,637,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Requisite Capital Management LLC raised its position in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its position in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares in the last quarter. McLean Asset Management Corp lifted its position in Oracle by 1.1% in the 4th 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 in the last quarter. Warther Private Wealth LLC lifted its position in Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after buying an additional 63 shares in the last quarter. Finally, Howard Bailey Securities LLC lifted 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 buying an additional 64 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 3.2%

Shares of NYSE:ORCL opened at $162.29 on Wednesday. The company has a market capitalization of $453.92 billion, a price-to-earnings ratio of 39.68, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50-day moving average is $142.26 and its 200-day moving average is $162.76. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued 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). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently disclosed 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 dividend yield of 1.23%. 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 46.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Evercore ISI decreased their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. BMO Capital Markets decreased their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 11th. DA Davidson reduced their price target on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Bank of America reduced their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $174.42.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction 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 trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.