Allstate Corp Acquires 47,913 Shares of Oracle Co. (NYSE:ORCL)

Allstate Corp raised its stake in Oracle Co. (NYSE:ORCL - Free Report) by 3,233.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,395 shares of the enterprise software provider's stock after buying an additional 47,913 shares during the quarter. Allstate Corp's holdings in Oracle were worth $8,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. McClarren Financial Advisors Inc. raised its position in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after buying an additional 1,069 shares during the last quarter. RMR Wealth Builders boosted its position in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock worth $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after acquiring an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $1,800,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company's stock.

Oracle Trading Up 2.0 %

ORCL traded up $2.85 during midday trading on Tuesday, hitting $142.66. 3,474,262 shares of the company were exchanged, compared to its average volume of 11,813,410. The firm has a market capitalization of $399.02 billion, a P/E ratio of 34.88, a P/E/G ratio of 3.46 and a beta of 1.07. The firm's 50 day moving average price is $163.52 and its 200-day moving average price is $170.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 earnings per share. As a group, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. Westpark Capital began coverage on shares of Oracle in a research note on Tuesday. They issued a "buy" rating and a $195.00 price target on the stock. BMO Capital Markets dropped their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. UBS Group reiterated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Finally, Stephens initiated coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

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.