Coastline Trust Co Sells 177 Shares of Oracle Co. (NYSE:ORCL)

Coastline Trust Co reduced its position in Oracle Co. (NYSE:ORCL) by 0.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,134 shares of the enterprise software provider’s stock after selling 177 shares during the period. Oracle accounts for 0.8% of Coastline Trust Co’s investment portfolio, making the stock its 29th largest holding. Coastline Trust Co’s holdings in Oracle were worth $6,521,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its stake in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Oracle in the 3rd quarter valued at about $2,590,000. XTX Topco Ltd bought a new stake in shares of Oracle during the third quarter valued at approximately $215,000. Finally, Westside Investment Management Inc. increased its holdings in Oracle by 0.6% during the 3rd quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider’s stock worth $2,499,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $128.56 on Friday. The business’s 50-day moving average price is $150.85 and its 200 day moving average price is $166.34. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The firm has a market cap of $359.58 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.46 and a beta of 1.22. 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 quarterly earnings data 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 firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. On average, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.56%. Oracle’s payout ratio is currently 46.95%.

Insider Activity at Oracle

In other news, 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 sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,453,328 shares of company stock valued at $454,439,851. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ORCL shares. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Stephens initiated coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price for the company. Morgan Stanley decreased their price objective on Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday. BMO Capital Markets lowered their price target on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Finally, Stifel Nicolaus lowered their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.73.

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.