Canopy Partners LLC Increases Stock Position in Oracle Co. (NYSE:ORCL)

Canopy Partners LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 45.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,843 shares of the enterprise software provider’s stock after purchasing an additional 1,508 shares during the quarter. Canopy Partners LLC’s holdings in Oracle were worth $807,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the period. Hurley Capital LLC purchased a new position in Oracle in the fourth quarter worth $33,000. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at $34,000. Finally, TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% during the 4th 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. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 6.6 %

Shares of ORCL stock opened at $128.17 on Monday. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The business’s fifty day moving average is $160.05 and its 200 day moving average is $169.38. 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 company has a market capitalization of $358.48 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

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 analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. Oracle’s dividend payout ratio is presently 46.95%.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,448,328 shares of company stock worth $453,791,001. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. KeyCorp reissued an “overweight” rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. DA Davidson restated a “neutral” rating and set a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, UBS Group reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $178.65.

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.