Jensen Investment Management Inc. Has $24.56 Million Holdings in Oracle Co. (NYSE:ORCL)

Jensen Investment Management Inc. cut its holdings in Oracle Co. (NYSE:ORCL) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,364 shares of the enterprise software provider’s stock after selling 1,720 shares during the quarter. Oracle makes up 0.2% of Jensen Investment Management Inc.’s holdings, making the stock its 28th biggest holding. Jensen Investment Management Inc.’s holdings in Oracle were worth $24,557,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $34,000. TFC Financial Management Inc. boosted its stake in shares of Oracle by 129.0% during 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 in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 1.2 %

NYSE ORCL opened at $149.36 on Monday. The company has a market cap of $417.76 billion, a price-to-earnings ratio of 36.52, 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. The business has a 50 day moving average price of $165.80 and a 200-day moving average price of $169.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its 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 analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a boost 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 annualized dividend and a dividend yield of 1.34%. Oracle’s payout ratio is presently 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was 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 owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on ORCL shares. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of Oracle in a research report on Wednesday, March 5th. Evercore ISI lowered their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. KeyCorp restated an “overweight” rating and set a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Finally, JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.71.

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.