Oracle Co. (NYSE:ORCL) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,156,343 shares of the enterprise software provider's stock after purchasing an additional 468,180 shares during the quarter. Oracle comprises 0.8% of Arrowstreet Capital Limited Partnership's portfolio, making the stock its 12th largest position. Arrowstreet Capital Limited Partnership owned about 0.22% of Oracle worth $1,025,893,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Oracle during the fourth quarter valued at about $34,000. TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

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Oracle Stock Performance

Shares of NYSE ORCL traded up $5.44 during trading on Wednesday, reaching $147.38. The stock had a trading volume of 5,612,109 shares, compared to its average volume of 11,817,530. The stock has a market cap of $412.22 billion, a PE ratio of 36.03, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The firm's 50 day moving average price is $162.91 and its two-hundred day moving average price is $170.02. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.36%. Oracle's dividend payout ratio (DPR) is currently 46.95%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Barclays cut their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Citigroup reduced their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald lowered their price target on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, BMO Capital Markets reduced their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average 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.