Oracle Co. (NYSE:ORCL) Shares Purchased by AIA Group Ltd

AIA Group Ltd grew its stake in Oracle Co. (NYSE:ORCL - Free Report) by 121.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,156 shares of the enterprise software provider's stock after purchasing an additional 12,709 shares during the period. AIA Group Ltd's holdings in Oracle were worth $3,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FSB Premier Wealth Management Inc. grew its stake in Oracle by 11.8% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 20,003 shares of the enterprise software provider's stock valued at $3,333,000 after acquiring an additional 2,118 shares during the period. Wellington Management Group LLP lifted its holdings in Oracle by 200.4% during the fourth quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock valued at $28,743,000 after purchasing an additional 115,059 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Oracle by 3.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 282,892 shares of the enterprise software provider's stock worth $47,141,000 after acquiring an additional 10,015 shares during the period. United Bank increased its holdings in Oracle by 15.8% during the 4th quarter. United Bank now owns 13,235 shares of the enterprise software provider's stock worth $2,205,000 after acquiring an additional 1,805 shares during the period. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Oracle by 17.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 1,946 shares of the enterprise software provider's stock worth $324,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

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Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ORCL shares. Piper Sandler lowered their price objective on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Guggenheim reissued a "buy" rating and issued a $220.00 price target on shares of Oracle in a research note on Wednesday, March 5th. StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. KeyCorp restated an "overweight" rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Finally, BMO Capital Markets reduced their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Stock Performance

NYSE:ORCL traded up $2.24 during trading hours on Tuesday, hitting $142.05. 9,511,593 shares of the company were exchanged, compared to its average volume of 8,991,556. 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 52-week low of $112.78 and a 52-week high of $198.31. The stock has a market capitalization of $397.32 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 3.46 and a beta of 1.07. The company's 50 day moving average price is $163.52 and its 200-day moving average price is $170.16.

Oracle (NYSE:ORCL - Get Free Report) last released its 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). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. As a group, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid 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 1.41%. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is currently 46.95%.

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.