Oracle Co. (NYSE:ORCL) Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,985 shares of the enterprise software provider's stock after acquiring an additional 2,238 shares during the period. Oracle comprises 1.1% of BTC Capital Management Inc.'s portfolio, making the stock its 23rd largest holding. BTC Capital Management Inc.'s holdings in Oracle were worth $11,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter valued at about $44,000. Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter worth about $47,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle in the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 0.5 %

ORCL traded down $0.90 during trading on Monday, hitting $169.16. The company had a trading volume of 5,940,369 shares, compared to its average volume of 14,490,102. The company has a market cap of $473.13 billion, a PE ratio of 41.40, a P/E/G ratio of 3.35 and a beta of 1.05. 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 1-year low of $106.51 and a 1-year high of $198.31. The business has a 50-day moving average of $171.89 and a 200-day moving average of $163.58.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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 company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle's dividend payout ratio (DPR) is 39.12%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORCL. Citigroup increased their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. UBS Group increased their target price on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. BMO Capital Markets boosted their price target on Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Piper Sandler raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.