Kesler Norman & Wride LLC Increases Stake in Oracle Co. (NYSE:ORCL)

Kesler Norman & Wride LLC raised its position in Oracle Co. (NYSE:ORCL - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,313 shares of the enterprise software provider's stock after buying an additional 1,766 shares during the quarter. Kesler Norman & Wride LLC's holdings in Oracle were worth $886,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ORCL. Second Line Capital LLC boosted its position in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after purchasing an additional 58 shares during the last quarter. Requisite Capital Management LLC increased its position in shares of Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. raised its stake in shares of Oracle by 4.4% during the 4th 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 raised its stake in shares of Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after purchasing an additional 61 shares during the period. Finally, Warther Private Wealth LLC boosted its holdings in shares of Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

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Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group restated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Jefferies Financial Group lowered their price target on shares of Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Monday. Evercore ISI dropped their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Finally, Piper Sandler dropped their price target on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Thirteen research 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. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Price Performance

Shares of NYSE:ORCL traded up $4.02 during trading on Wednesday, reaching $145.96. The company had a trading volume of 11,539,620 shares, compared to its average volume of 9,037,719. The company has a fifty day moving average of $162.14 and a two-hundred day moving average of $169.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $408.24 billion, a P/E ratio of 35.69, a price-to-earnings-growth 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.

Oracle (NYSE:ORCL - Get Free Report) last released 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 net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company earned $1.41 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. Equities research 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 paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.37%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

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.