Oracle Co. (NYSE:ORCL) Shares Acquired by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,124 shares of the enterprise software provider’s stock after acquiring an additional 2,290 shares during the quarter. Oracle comprises about 3.4% of Borer Denton & Associates Inc.’s investment portfolio, making the stock its 9th largest position. Borer Denton & Associates Inc.’s holdings in Oracle were worth $9,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Second Line Capital LLC lifted its position in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares in the last quarter. Cadence Bank increased its stake in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after buying an additional 59 shares during the period. Requisite Capital Management LLC raised its position in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp lifted its position in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. 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 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. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Barclays lowered their price target on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Citigroup dropped their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Thirteen 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 company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $179.20.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $153.59 on Wednesday. The company’s 50 day moving average price is $164.84 and its two-hundred day moving average price is $170.44. The firm has a market cap of $429.58 billion, a PE ratio of 37.55, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. 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 posted its quarterly earnings data 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 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%. Oracle’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.30%. Oracle’s dividend payout ratio (DPR) is 46.95%.

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.