Grantham Mayo Van Otterloo & Co. LLC Has $980.18 Million Stock Position in Oracle Co. (NYSE:ORCL)

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,881,993 shares of the enterprise software provider's stock after selling 135,408 shares during the quarter. Oracle accounts for about 3.2% of Grantham Mayo Van Otterloo & Co. LLC's investment portfolio, making the stock its 6th biggest position. Grantham Mayo Van Otterloo & Co. LLC owned about 0.21% of Oracle worth $980,175,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Oracle by 1.5% in 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 buying an additional 2,296,069 shares in the last quarter. Geode Capital Management LLC increased its stake in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. raised its position in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Oracle by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after purchasing an additional 97,635 shares during the period. Finally, Norges Bank bought a new stake in shares of Oracle in the 4th quarter valued at approximately $2,216,314,000. Institutional investors own 42.44% of the company's stock.

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Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This trade 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 accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,448,328 shares of company stock valued at $453,791,001. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. BNP Paribas upgraded Oracle to a "strong-buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Stephens began coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Oracle has an average rating of "Moderate Buy" and an average target price of $178.65.

Oracle Price Performance

ORCL traded down $4.66 on Tuesday, hitting $122.50. 8,522,369 shares of the stock were exchanged, compared to its average volume of 9,145,063. The business has a 50-day moving average of $159.43 and a two-hundred day moving average of $169.09. The firm has a market capitalization of $342.62 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 3.46 and a beta of 1.22. 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 12 month low of $112.78 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the firm posted $1.41 EPS. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is currently 46.95%.

About Oracle

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.