SGL Investment Advisors Inc. Purchases 86 Shares of Oracle Co. (NYSE:ORCL)

SGL Investment Advisors Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,561 shares of the enterprise software provider’s stock after purchasing an additional 86 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Oracle were worth $269,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Shell Asset Management Co. grew its stake in shares of Oracle by 205.3% during the 4th quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider’s stock worth $3,709,000 after acquiring an additional 14,968 shares in the last quarter. Sig Brokerage LP acquired a new stake in Oracle during the 4th quarter valued at $498,000. Rafferty Asset Management LLC boosted its holdings in shares of Oracle by 0.5% during the 4th quarter. Rafferty Asset Management LLC now owns 556,326 shares of the enterprise software provider’s stock worth $92,706,000 after buying an additional 2,970 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Oracle in the fourth quarter valued at approximately $33,689,000. Finally, Polar Capital Holdings Plc increased its position in Oracle by 57.1% during the 4th quarter. Polar Capital Holdings Plc now owns 759,307 shares of the enterprise software provider’s stock worth $126,531,000 after buying an additional 276,062 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORCL shares. Barclays cut their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on shares of Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, March 31st. KeyCorp reissued an “overweight” rating and set a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their price objective on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Finally, 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. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.42.

Oracle Price Performance

ORCL opened at $159.02 on Friday. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. 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 capitalization of $444.77 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 3.46 and a beta of 1.27. The firm’s fifty day moving average price is $142.59 and its two-hundred day moving average price is $162.66.

Oracle (NYSE:ORCL) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% 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. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This trade represents a 7.93% 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 valued at $4,015,723. 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.