Oracle Co. (NYSE:ORCL) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC cut its stake in Oracle Co. (NYSE:ORCL) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,774 shares of the enterprise software provider’s stock after selling 8,895 shares during the period. Oracle accounts for approximately 1.3% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Schnieders Capital Management LLC’s holdings in Oracle were worth $5,880,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in Oracle in the fourth quarter worth $1,290,000. Linden Thomas Advisory Services LLC increased its holdings in shares of Oracle by 7.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,741 shares of the enterprise software provider’s stock valued at $2,925,000 after purchasing an additional 1,925 shares during the period. Community Bank & Trust Waco Texas increased its holdings in shares of Oracle by 2.5% during the fourth quarter. Community Bank & Trust Waco Texas now owns 13,926 shares of the enterprise software provider’s stock valued at $1,468,000 after purchasing an additional 337 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Oracle by 16.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 17,552 shares of the enterprise software provider’s stock valued at $1,851,000 after purchasing an additional 2,471 shares during the period. Finally, Roble Belko & Company Inc increased its holdings in shares of Oracle by 4.4% during the fourth quarter. Roble Belko & Company Inc now owns 3,864 shares of the enterprise software provider’s stock valued at $407,000 after purchasing an additional 164 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Up 0.5 %

NYSE:ORCL traded up $0.54 on Tuesday, hitting $115.07. 5,491,654 shares of the company’s stock traded hands, compared to its average volume of 8,535,559. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The firm has a 50-day moving average price of $119.23 and a 200-day moving average price of $113.03. The company has a market cap of $316.27 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. Oracle’s dividend payout ratio is 42.22%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCL. The Goldman Sachs Group raised their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. HSBC raised their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.