Oracle Co. (NYSE:ORCL) is Keene & Associates Inc.'s 7th Largest Position

Keene & Associates Inc. decreased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,801 shares of the enterprise software provider's stock after selling 2,009 shares during the quarter. Oracle makes up 3.3% of Keene & Associates Inc.'s holdings, making the stock its 7th biggest position. Keene & Associates Inc.'s holdings in Oracle were worth $4,133,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares in the last quarter. TFC Financial Management Inc. lifted its holdings 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 buying an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the third quarter worth $44,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $47,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In related 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 value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company's stock.

Oracle Trading Down 4.6 %

ORCL traded down $8.08 during trading on Friday, hitting $167.92. The company's stock had a trading volume of 9,693,812 shares, compared to its average volume of 12,127,484. Oracle Co. has a twelve month low of $109.66 and a twelve month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock's fifty day moving average price is $168.99 and its 200-day moving average price is $167.02. The firm has a market capitalization of $469.66 billion, a P/E ratio of 41.06, a PEG ratio of 3.57 and a beta of 1.05.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm posted $1.34 earnings per share. Oracle's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. Morgan Stanley raised their price target on Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 10th. Finally, StockNews.com cut Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

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.