Oracle Co. (NYSE:ORCL) Shares Sold by Biltmore Family Office LLC

Biltmore Family Office LLC lowered its position in Oracle Co. (NYSE:ORCL) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,123 shares of the enterprise software provider’s stock after selling 755 shares during the quarter. Biltmore Family Office LLC’s holdings in Oracle were worth $2,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Howard Capital Management Group LLC lifted its position in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after buying an additional 883 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. United Bank boosted its position in shares of Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after purchasing an additional 519 shares during the period. Integrated Wealth Concepts LLC raised its position in Oracle by 1.7% in the third quarter. Integrated Wealth Concepts LLC now owns 59,515 shares of the enterprise software provider’s stock valued at $10,141,000 after purchasing an additional 971 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in Oracle by 35.5% during the third quarter. IHT Wealth Management LLC now owns 21,610 shares of the enterprise software provider’s stock worth $3,671,000 after purchasing an additional 5,663 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORCL. Westpark Capital assumed coverage on Oracle in a report on Tuesday. They issued a “buy” rating and a $195.00 price objective on the stock. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.65.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the 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 completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $145.96 on Thursday. 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 company has a market cap of $408.24 billion, a PE ratio of 35.69, a P/E/G ratio of 3.46 and a beta of 1.07. The stock has a fifty day moving average price of $162.14 and a 200 day moving average price of $169.85. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during 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 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. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. 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 yield of 1.37%. Oracle’s dividend payout ratio is presently 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.