Arcadia Investment Management Corp MI Has $3.48 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Arcadia Investment Management Corp MI lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 23.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,910 shares of the enterprise software provider’s stock after selling 6,410 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Oracle were worth $3,484,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC increased its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. increased its position 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 acquiring an additional 120 shares during the period. Reston Wealth Management LLC bought a new position in Oracle during the third quarter worth about $44,000. Finally, Synergy Asset Management LLC bought a new position in Oracle during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 3.0 %

NYSE:ORCL opened at $176.01 on Friday. The firm’s 50 day simple moving average is $169.10 and its 200 day simple moving average is $166.74. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a market cap of $492.30 billion, a PE ratio of 43.04, a P/E/G ratio of 3.57 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. On average, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. Guggenheim raised their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group raised their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Evercore ISI raised their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong 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 $182.73.

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.