Achmea Investment Management B.V. Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Achmea Investment Management B.V. cut its holdings in Oracle Co. (NYSE:ORCL) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,160 shares of the enterprise software provider’s stock after selling 145 shares during the quarter. Achmea Investment Management B.V.’s holdings in Oracle were worth $11,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Oracle in the 4th quarter worth about $25,000. Winch Advisory Services LLC grew its holdings in shares of Oracle by 89.7% during the 4th 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. Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter worth approximately $34,000. TFC Financial Management Inc. raised its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Oracle during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 2.3 %

Shares of ORCL stock opened at $147.41 on Friday. 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 $412.30 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The firm has a fifty day moving average price of $166.14 and a 200-day moving average price of $169.34.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ORCL. JMP Securities restated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Citigroup reduced their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.71.

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.