Lingohr Asset Management GmbH Has $477,000 Stake in Oracle Co. (NYSE:ORCL)

Lingohr Asset Management GmbH decreased its position in shares of Oracle Co. (NYSE:ORCL) by 41.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,867 shares of the enterprise software provider’s stock after selling 1,989 shares during the period. Lingohr Asset Management GmbH’s holdings in Oracle were worth $477,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Oracle during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC increased its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. increased its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ORCL. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Cantor Fitzgerald lowered their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Citigroup lowered their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. KeyCorp reissued an “overweight” rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.20.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 2.0 %

ORCL opened at $152.40 on Thursday. The stock has a market capitalization of $426.25 billion, a P/E ratio of 37.26, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The firm’s fifty day simple moving average is $165.10 and its 200 day simple moving average is $169.89. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.

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.