Telemus Capital LLC Reduces Holdings in Oracle Co. (NYSE:ORCL)

Telemus Capital LLC decreased its position in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,486 shares of the enterprise software provider’s stock after selling 248 shares during the period. Telemus Capital LLC’s holdings in Oracle were worth $3,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Fairfield Bush & CO. boosted its holdings in shares of Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after buying an additional 2,221 shares during the period. AMI Investment Management Inc. boosted its stake in Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after purchasing an additional 579 shares during the period. Baird Financial Group Inc. boosted its stake in Oracle by 29.2% during the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after purchasing an additional 132,920 shares during the period. Zions Bancorporation N.A. boosted its stake in Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after purchasing an additional 3,038 shares during the period. Finally, Covestor Ltd boosted its stake in Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after purchasing an additional 1,109 shares during the period. Institutional investors own 40.96% of the company’s stock.

Oracle Trading Up 0.5 %

NYSE ORCL opened at $85.26 on Friday. The company has a fifty day simple moving average of $87.66 and a 200 day simple moving average of $79.45. The company has a market cap of $230.18 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.66 and a beta of 1.02. Oracle Co. has a 1 year low of $60.78 and a 1 year high of $91.22.

Oracle (NYSE:ORCL – Get Rating) last issued its quarterly earnings results on Thursday, March 9th. The enterprise software provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. Oracle had a net margin of 17.46% and a negative return on equity of 262.40%. The firm had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.42 billion. During the same period in the prior year, the firm earned $0.94 EPS. The business’s revenue was up 17.9% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 3.99 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Tuesday, April 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.88%. This is an increase from Oracle’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 42.24%.

Analyst Ratings Changes

A number of research firms have issued reports on ORCL. KeyCorp boosted their target price on shares of Oracle from $94.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. Credit Suisse Group set a $115.00 target price on shares of Oracle and gave the stock an “outperform” rating in a report on Wednesday. Monness Crespi & Hardt began coverage on shares of Oracle in a report on Tuesday, December 13th. They issued a “buy” rating and a $113.00 target price on the stock. TheStreet upgraded shares of Oracle from a “c” rating to a “b-” rating in a report on Thursday, January 26th. Finally, Societe Generale lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday, March 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.06.

Insider Transactions at Oracle

In related news, Director Rona Alison Fairhead sold 8,080 shares of Oracle stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $89.82, for a total transaction of $725,745.60. Following the completion of the transaction, the director now directly owns 11,197 shares of the company’s stock, valued at approximately $1,005,714.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 43.70% of the stock is owned by insiders.

About Oracle

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.