Envestnet Asset Management Inc. Boosts Position in Oracle Co. (NYSE:ORCL)

Envestnet Asset Management Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,980,801 shares of the enterprise software provider's stock after buying an additional 69,918 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.14% of Oracle worth $663,361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in shares of 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 during the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle during the fourth quarter worth approximately $34,000. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in Oracle during the fourth quarter worth about $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ORCL. Piper Sandler decreased their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Thirteen 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 stock. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $178.65.

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Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, 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 the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred 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 transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,448,328 shares of company stock valued at $453,791,001. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 3.3 %

Shares of ORCL stock traded down $4.19 during trading hours on Tuesday, reaching $122.97. The company's stock had a trading volume of 8,522,369 shares, compared to its average volume of 9,145,063. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The stock has a market capitalization of $343.93 billion, a P/E ratio of 29.77, a P/E/G ratio of 3.46 and a beta of 1.22. The firm's fifty day simple moving average is $159.43 and its 200 day simple moving average is $169.09.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 analysts' expectations of $14.40 billion. During the same period in the prior year, the firm earned $1.41 EPS. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.63%. Oracle's payout ratio is 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.