Oracle Co. (NYSE:ORCL) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 30.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,761,018 shares of the enterprise software provider's stock after selling 767,340 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Oracle worth $293,456,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares during the period. Hurley Capital LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new stake in Oracle during the fourth quarter worth $34,000. Finally, TFC Financial Management Inc. grew its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. Westpark Capital began coverage on Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective for the company. Morgan Stanley dropped their price objective on Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. DA Davidson dropped their price target on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $130.00 price target (down from $190.00) on shares of Oracle in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Trading Up 3.3 %

Oracle stock opened at $131.43 on Thursday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The company's fifty day moving average price is $148.08 and its two-hundred day moving average price is $165.49. The company has a market capitalization of $367.60 billion, a price-to-earnings ratio of 32.13, 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 (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 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 firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business earned $1.41 EPS. The business's revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.52%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is currently 46.95%.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 352,174 shares of company stock worth $64,990,957. 42.20% of the stock is currently owned by company insiders.

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.

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