Interchange Capital Partners LLC Sells 121 Shares of Oracle Co. (NYSE:ORCL)

Interchange Capital Partners LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,848 shares of the enterprise software provider’s stock after selling 121 shares during the quarter. Interchange Capital Partners LLC’s holdings in Oracle were worth $1,142,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC increased its position 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 valued at $31,000 after purchasing an additional 87 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. boosted its stake in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $47,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.1 %

Shares of NYSE ORCL opened at $152.83 on Monday. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm has a market capitalization of $427.45 billion, a P/E ratio of 37.37, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $164.87 and its 200 day simple moving average is $170.27.

Oracle (NYSE:ORCL) last posted its quarterly 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 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 analyst estimates of $14.40 billion. During the same period last year, the company earned $1.41 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.31%. Oracle’s payout ratio is 46.95%.

Analyst Ratings Changes

A number of brokerages have commented on ORCL. JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price target on shares of Oracle in a research note on Wednesday, March 5th. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Morgan Stanley reduced their target price on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.20.

Insider Buying and Selling

In other news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

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.