Principal Street Partners LLC Sells 78 Shares of Oracle Co. (NYSE:ORCL)

Principal Street Partners LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,830 shares of the enterprise software provider’s stock after selling 78 shares during the quarter. Principal Street Partners LLC’s holdings in Oracle were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. McClarren Financial Advisors Inc. grew its stake in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after buying an additional 1,069 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after buying an additional 32,718 shares during the last quarter. Crews Bank & Trust acquired a new position in Oracle in the 4th quarter valued at about $1,800,000. Boston Trust Walden Corp grew its stake in Oracle by 40.8% in the 4th quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider’s stock valued at $93,990,000 after buying an additional 163,543 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in Oracle by 10.8% in the 4th quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider’s stock valued at $7,307,000 after buying an additional 4,259 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of NYSE ORCL opened at $160.05 on Wednesday. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The firm has a fifty day simple moving average of $143.33 and a 200 day simple moving average of $162.36. The company 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. 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 announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the business earned $1.41 EPS. Oracle’s quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. Citigroup decreased their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a research report on Thursday, April 3rd. Barclays decreased their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $174.42.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the firm’s 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 completion of the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s 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 completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was 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 valued at $4,015,723 over the last quarter. Insiders own 42.20% of the company’s stock.

Oracle 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.