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Oracle Co. (NYSE:ORCL) Shares Sold by MassMutual Private Wealth & Trust FSB

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MassMutual Private Wealth & Trust FSB cut its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,319 shares of the enterprise software provider's stock after selling 3,194 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Oracle were worth $2,553,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock worth $3,049,824,000 after purchasing an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock worth $2,489,345,000 after buying an additional 54,868 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ORCL shares. Guggenheim raised their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. BNP Paribas upgraded Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price target on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

View Our Latest Research Report on Oracle

Oracle Stock Up 7.3 %

Oracle stock traded up $11.79 during midday trading on Tuesday, hitting $172.82. 29,478,549 shares of the stock were exchanged, compared to its average volume of 10,327,390. The company has a 50 day moving average price of $174.87 and a two-hundred day moving average price of $161.70. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $483.37 billion, a P/E ratio of 42.25, a P/E/G ratio of 3.16 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. The company's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.93%. Oracle's dividend payout ratio is presently 39.12%.

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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