Broadleaf Partners LLC Has $6.44 Million Position in Oracle Co. (NYSE:ORCL)

Broadleaf Partners LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1,832.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,641 shares of the enterprise software provider's stock after buying an additional 36,641 shares during the quarter. Oracle accounts for about 1.5% of Broadleaf Partners LLC's holdings, making the stock its 26th biggest position. Broadleaf Partners LLC's holdings in Oracle were worth $6,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Requisite Capital Management LLC grew its holdings in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after purchasing an additional 60 shares during the period. McLean Asset Management Corp boosted its holdings in shares of Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after acquiring an additional 61 shares in the last quarter. Warther Private Wealth LLC increased its stake in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after acquiring an additional 63 shares during the period. Finally, Howard Bailey Securities LLC raised its stake in shares of Oracle by 2.9% during the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after buying an additional 64 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Oracle stock traded up $4.73 during mid-day trading on Tuesday, reaching $127.55. The company's stock had a trading volume of 4,702,944 shares, compared to its average volume of 11,874,745. The business has a 50 day moving average price of $149.86 and a 200-day moving average price of $165.99. 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 Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The firm has a market cap of $356.76 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced 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. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's dividend payout ratio (DPR) is currently 46.95%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,453,328 shares of company stock worth $454,439,851. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ORCL shares. Morgan Stanley decreased their price target on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson cut their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group reduced their target price on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Finally, Piper Sandler lowered their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $176.73.

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.