Oracle Co. (NYSE:ORCL) is Brown Brothers Harriman & Co.'s 4th Largest Position

Brown Brothers Harriman & Co. cut its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,416,780 shares of the enterprise software provider's stock after selling 77,819 shares during the quarter. Oracle comprises about 4.0% of Brown Brothers Harriman & Co.'s holdings, making the stock its 4th largest position. Brown Brothers Harriman & Co. owned 0.12% of Oracle worth $569,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. increased 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 valued at $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $47,000. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $1.17 during trading on Monday, hitting $139.70. 8,478,989 shares of the company were exchanged, compared to its average volume of 11,828,886. The company has a market cap of $390.74 billion, a PE ratio of 34.16, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. 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 stock has a 50 day moving average of $163.94 and a 200 day moving average of $170.31.

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

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.43%. 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 dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Mizuho boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Guggenheim reaffirmed a "buy" rating and issued a $220.00 price target on shares of Oracle in a research report on Wednesday, March 5th. DA Davidson reissued a "neutral" rating and set a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, Piper Sandler lowered their price objective on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $178.00.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 42.20% of the company's stock.

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.