Nisa Investment Advisors LLC Sells 14,333 Shares of Oracle Co. (NYSE:ORCL)

Nisa Investment Advisors LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 588,928 shares of the enterprise software provider's stock after selling 14,333 shares during the period. Oracle comprises about 0.6% of Nisa Investment Advisors LLC's holdings, making the stock its 26th largest position. Nisa Investment Advisors LLC's holdings in Oracle were worth $100,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Janus Henderson Group PLC lifted its position in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. lifted its position in shares of Oracle by 131.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock worth $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock worth $532,920,000 after buying an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after acquiring an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its position in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.09 during trading on Monday, reaching $172.43. The company had a trading volume of 4,328,988 shares, compared to its average volume of 8,341,529. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $477.81 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. The company has a fifty day moving average of $160.15 and a two-hundred day moving average of $140.45.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is currently 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. Piper Sandler boosted their price objective on Oracle from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Evercore ISI boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. DA Davidson increased their target price on shares of Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $168.52.

Oracle 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.