Pinnacle Investment Management Ltd Invests $500,000 in Oracle Co. (NYSE:ORCL)

Pinnacle Investment Management Ltd purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the enterprise software provider’s stock, valued at approximately $500,000. Oracle accounts for about 0.4% of Pinnacle Investment Management Ltd’s holdings, making the stock its 18th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Requisite Capital Management LLC lifted its stake in shares of Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 60 shares in the last quarter. McLean Asset Management Corp grew its position in shares of Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after buying an additional 61 shares during the last quarter. Warther Private Wealth LLC lifted its position in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after acquiring an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC boosted its stake in Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after acquiring an additional 64 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORCL. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Morgan Stanley lowered their price target on Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Guggenheim reiterated a “buy” rating and set a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus cut their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.42.

Oracle Stock Up 0.3%

Shares of ORCL opened at $160.05 on Wednesday. The company’s 50-day simple moving average is $143.33 and its 200-day simple moving average is $162.36. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The stock has a market capitalization of $447.65 billion, a PE ratio of 39.13, a P/E/G ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the business earned $1.41 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by corporate insiders.

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.