E Fund Management Co. Ltd. Sells 611 Shares of Oracle Co. (NYSE:ORCL)

E Fund Management Co. Ltd. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,682 shares of the enterprise software provider’s stock after selling 611 shares during the period. E Fund Management Co. Ltd.’s holdings in Oracle were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ORCL. Avidian Wealth Solutions LLC raised its holdings in shares of Oracle by 1.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after acquiring an additional 90 shares in the last quarter. Sovereign Financial Group Inc. lifted its position in Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares during the last quarter. Bison Wealth LLC grew its stake in shares of Oracle by 0.8% in the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares in the last quarter. MONECO Advisors LLC increased its holdings in shares of Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after buying an additional 94 shares during the last quarter. Finally, Everhart Financial Group Inc. raised its position in shares of Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ORCL shares. BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. The Goldman Sachs Group increased their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Down 0.6 %

Shares of NYSE ORCL traded down $0.75 during midday trading on Thursday, reaching $116.64. 3,235,916 shares of the company’s stock traded hands, compared to its average volume of 8,149,970. The company has a market cap of $320.59 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 2.32 and a beta of 1.03. The stock’s 50 day simple moving average is $120.30 and its 200-day simple moving average is $113.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a one year low of $96.26 and a one year high of $132.77.

Oracle (NYSE:ORCL) last announced its earnings results 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 business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. On average, analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on 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 directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 880,000 shares of company stock worth $110,488,150. Corporate insiders own 42.80% of the company’s stock.

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.