Oracle Co. (NYSE:ORCL) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 180,117 shares of the enterprise software provider's stock after acquiring an additional 18,681 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Oracle were worth $30,015,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ORCL. Pictet Asset Management Holding SA grew its stake in shares of Oracle by 25.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,039,084 shares of the enterprise software provider's stock worth $173,153,000 after purchasing an additional 212,850 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Oracle by 7.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,309,207 shares of the enterprise software provider's stock valued at $218,166,000 after buying an additional 92,132 shares in the last quarter. Broadway Wealth Solutions Inc. acquired a new position in shares of Oracle in the fourth quarter worth about $284,000. New Age Alpha Advisors LLC boosted its stake in shares of Oracle by 278.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 37,818 shares of the enterprise software provider's stock worth $6,302,000 after acquiring an additional 27,818 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Oracle during the 4th quarter valued at about $2,216,314,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. StockNews.com cut Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. KeyCorp reissued an "overweight" rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. JMP Securities reissued a "market outperform" rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Piper Sandler decreased their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $179.20.

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Oracle Price Performance

NYSE ORCL traded down $5.03 during mid-day trading on Friday, hitting $140.75. The stock had a trading volume of 13,138,087 shares, compared to its average volume of 8,963,386. The company has a 50 day simple moving average of $163.94 and a 200 day simple moving average of $170.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $393.67 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52-week low of $112.78 and a 52-week 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. Equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. Oracle's dividend payout ratio is currently 46.95%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This trade 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 at the SEC website. Corporate insiders own 42.20% of the company's stock.

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.