Saxon Interests Inc. Sells 21,304 Shares of Oracle Co. (NYSE:ORCL)

Saxon Interests Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 91.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,094 shares of the enterprise software provider’s stock after selling 21,304 shares during the period. Saxon Interests Inc.’s holdings in Oracle were worth $221,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. State Street Corp grew its stake in Oracle by 1.5% in the second quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after purchasing an additional 928,013 shares during the period. Morgan Stanley lifted its position in Oracle by 9.6% during the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares during the period. Northern Trust Corp grew its holdings in Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares during the period. Finally, Norges Bank purchased a new position in shares of Oracle during the fourth quarter valued at approximately $1,409,896,000. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Morgan Stanley dropped their target price on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a report on Tuesday, December 12th. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.2 %

NYSE ORCL traded up $0.29 during trading hours on Thursday, hitting $125.56. 6,586,560 shares of the company’s stock were exchanged, compared to its average volume of 9,215,633. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $345.10 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. The business’s 50 day moving average is $116.38 and its 200-day moving average is $111.47. Oracle Co. has a 12-month low of $89.71 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. As a group, analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.