OmniStar Financial Group Inc. Sells 516 Shares of Oracle Co. (NYSE:ORCL)

OmniStar Financial Group Inc. decreased its holdings in Oracle Co. (NYSE:ORCL) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,896 shares of the enterprise software provider’s stock after selling 516 shares during the period. OmniStar Financial Group Inc.’s holdings in Oracle were worth $411,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fairfield Bush & CO. lifted its position in shares of Oracle by 3.1% in the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after buying an additional 2,221 shares in the last quarter. AMI Investment Management Inc. lifted its position in shares of Oracle by 2.9% in the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after buying an additional 579 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Oracle by 29.2% in the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after buying an additional 132,920 shares in the last quarter. Zions Bancorporation N.A. raised its position in Oracle by 79.6% during the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after purchasing an additional 3,038 shares during the period. Finally, Covestor Ltd raised its position in Oracle by 125.2% during the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after purchasing an additional 1,109 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ORCL shares. The Goldman Sachs Group upped their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Evercore ISI reduced their price target on Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.39 during midday trading on Tuesday, reaching $126.47. 7,042,394 shares of the company were exchanged, compared to its average volume of 9,278,865. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a fifty day simple moving average of $115.61 and a 200 day simple moving average of $111.37. Oracle Co. has a 1 year low of $88.54 and a 1 year high of $132.77. The stock has a market cap of $347.60 billion, a P/E ratio of 33.37, a PEG ratio of 2.47 and a beta of 1.00.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period last year, the company posted $0.96 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.27%. Oracle’s payout ratio is currently 42.22%.

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.