Oracle Co. (NYSE:ORCL) Position Raised by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 105,058 shares of the enterprise software provider's stock after acquiring an additional 8,830 shares during the period. Oracle comprises approximately 1.2% of Meeder Asset Management Inc.'s holdings, making the stock its 20th biggest holding. Meeder Asset Management Inc.'s holdings in Oracle were worth $17,507,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Oracle in the fourth quarter valued at $2,216,314,000. Raymond James Financial Inc. purchased a new stake in Oracle in the 4th quarter valued at about $930,095,000. Vanguard Group Inc. increased its stake in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the last quarter. Polen Capital Management LLC lifted its holdings in shares of Oracle by 22.3% during the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock worth $1,787,003,000 after acquiring an additional 1,955,764 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on ORCL. KeyCorp reaffirmed an "overweight" rating and set a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Evercore ISI reduced their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. UBS Group restated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Piper Sandler decreased their target price on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

Insider Activity at Oracle

In related news, 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 transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Up 1.6 %

ORCL traded up $2.24 during trading on Tuesday, hitting $142.05. The company had a trading volume of 9,511,593 shares, compared to its average volume of 8,991,556. The company has a market cap of $397.32 billion, a PE ratio of 34.73, a P/E/G ratio of 3.46 and a beta of 1.07. 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 $112.78 and a 1-year high of $198.31. The business has a 50-day moving average of $163.52 and a 200-day moving average of $170.16.

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

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle's payout ratio is 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.