Gemmer Asset Management LLC Has $1.07 Million Stock Position in Oracle Co. (NYSE:ORCL)

Gemmer Asset Management LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.1% in the first quarter, Holdings Channel reports. The institutional investor owned 7,635 shares of the enterprise software provider’s stock after selling 244 shares during the period. Gemmer Asset Management LLC’s holdings in Oracle were worth $1,067,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. McClarren Financial Advisors Inc. lifted its position in shares of Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares in the last quarter. Cornerstone Advisory LLC lifted its position in shares of Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after purchasing an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. bought a new position in shares of Oracle during the fourth quarter valued at about $211,000. AFT Forsyth & Company Inc. lifted its position in shares of Oracle by 32.7% during the fourth quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider’s stock valued at $1,123,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Certuity LLC lifted its position in shares of Oracle by 28.9% during the fourth quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider’s stock valued at $1,302,000 after purchasing an additional 1,753 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group dropped their price target on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a research report on Tuesday, April 1st. They issued a “buy” rating and a $195.00 price objective on the stock. Finally, Citigroup lowered their price objective 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. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL opened at $174.22 on Friday. The company has a market capitalization of $487.29 billion, a price-to-earnings ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50-day moving average price of $147.20 and a 200-day moving average price of $160.67. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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). The firm had revenue of $14.13 billion for 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%. Oracle’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. Equities analysts expect that Oracle Co. will post 5 EPS for the current 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 paid a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.15%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

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.