Sei Investments Co. Acquires 434,458 Shares of Oracle Co. (NYSE:ORCL)

Sei Investments Co. grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,665,576 shares of the enterprise software provider's stock after buying an additional 434,458 shares during the quarter. Oracle accounts for approximately 0.6% of Sei Investments Co.'s investment portfolio, making the stock its 25th biggest holding. Sei Investments Co. owned 0.10% of Oracle worth $444,194,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Oracle in the 4th quarter worth about $25,000. Winch Advisory Services LLC raised its position 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 during the period. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. increased its stake 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 purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $47,000. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Piper Sandler dropped their price target on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Barclays decreased their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $179.20.

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Oracle Price Performance

Shares of NYSE ORCL traded down $1.28 during midday trading on Tuesday, hitting $153.59. 8,514,230 shares of the company's stock were exchanged, compared to its average volume of 8,509,694. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business's fifty day moving average price is $164.89 and its two-hundred day moving average price is $170.36. The company has a market cap of $429.58 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 3.46 and a beta of 1.07. 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 released 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). The company had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 EPS. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 42.20% of the company's stock.

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.