Comgest Global Investors S.A.S. Sells 11,159 Shares of Oracle Co. (NYSE:ORCL)

Comgest Global Investors S.A.S. reduced its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 632,920 shares of the enterprise software provider's stock after selling 11,159 shares during the quarter. Oracle accounts for 1.7% of Comgest Global Investors S.A.S.'s portfolio, making the stock its 17th largest position. Comgest Global Investors S.A.S.'s holdings in Oracle were worth $105,470,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Oracle by 5.3% during the third 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. boosted its stake in shares of Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after acquiring an additional 1,069 shares in the last quarter. RMR Wealth Builders raised its position in shares of Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock worth $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock valued at $27,428,000 after purchasing an additional 32,718 shares during the period. Finally, Crews Bank & Trust purchased a new position in Oracle in the 4th quarter worth about $1,800,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

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Oracle Trading Down 0.6 %

NYSE:ORCL traded down $0.81 during trading hours on Tuesday, hitting $133.83. The stock had a trading volume of 8,619,117 shares, compared to its average volume of 9,290,326. The business's 50 day moving average is $153.73 and its 200-day moving average is $167.15. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $374.33 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a one year low of $112.78 and a one year high of $198.31.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. Oracle's dividend payout ratio is presently 46.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler reduced their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets dropped their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Finally, Morgan Stanley lowered their target price on Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $177.12.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,453,328 shares of company stock valued at $454,439,851. 42.20% of the stock is currently owned by corporate insiders.

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.