Massachusetts Financial Services Co. MA Has $448.48 Million Position in Oracle Co. (NYSE:ORCL)

Massachusetts Financial Services Co. MA lowered its position in Oracle Co. (NYSE:ORCL - Free Report) by 48.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,691,309 shares of the enterprise software provider's stock after selling 2,487,733 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.10% of Oracle worth $448,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes 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 purchasing an additional 2,296,069 shares in the last quarter. State Street Corp increased its holdings in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC raised its stake in Oracle by 1.8% during 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 buying an additional 619,619 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after buying an additional 1,722,037 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Oracle by 0.5% in the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after acquiring an additional 97,635 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. JMP Securities restated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. KeyCorp restated an "overweight" rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. Cantor Fitzgerald cut their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.65.

Oracle Price Performance

Shares of Oracle stock traded down $8.82 during trading on Thursday, hitting $137.04. The stock had a trading volume of 14,415,576 shares, compared to its average volume of 9,065,643. The business has a fifty day moving average of $161.16 and a two-hundred day moving average of $169.62. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm has a market cap of $383.30 billion, a P/E ratio of 33.51, a PEG ratio of 3.46 and a beta of 1.07. 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 (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.46%. This is a boost 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%.

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.