Barrow Hanley Mewhinney & Strauss LLC Sells 45,197 Shares of Oracle Co. (NYSE:ORCL)

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in Oracle Co. (NYSE:ORCL - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,074,850 shares of the enterprise software provider's stock after selling 45,197 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.07% of Oracle worth $345,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ORCL. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position in shares of 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 in the last quarter. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $34,000. TFC Financial Management Inc. grew its position in shares of 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 purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Oracle in the 4th quarter worth approximately $47,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America lowered their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. DA Davidson restated a "neutral" rating and set a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Piper Sandler cut their price target on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Cantor Fitzgerald lowered their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.65.

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Oracle Trading Up 4.1 %

Shares of ORCL traded up $5.76 during trading hours on Wednesday, reaching $147.70. 6,197,277 shares of the company traded hands, compared to its average volume of 9,000,962. The firm has a market cap of $413.11 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The stock's fifty day moving average price is $162.91 and its 200 day moving average price is $170.02. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.35%. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 42.20% of the company's stock.

Oracle Company 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.