Dimension Capital Management LLC Buys 116 Shares of Oracle Co. (NYSE:ORCL)

Dimension Capital Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,483 shares of the enterprise software provider’s stock after acquiring an additional 116 shares during the period. Dimension Capital Management LLC’s holdings in Oracle were worth $1,414,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC grew its stake in shares of Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC raised its holdings in shares of Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock worth $5,954,961,000 after buying an additional 619,619 shares in the last quarter. Franklin Resources Inc. boosted its stake in Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a report on Monday, March 31st. Citigroup decreased their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Evercore ISI lowered their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.42.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The shares were 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 of the company’s stock, valued at $4,749,670.92. This represents a 8.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 over the last quarter. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $149.29 on Thursday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50-day simple moving average is $142.49 and its 200 day simple moving average is $163.36. The stock has a market cap of $417.56 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.34%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. 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.