Oracle Co. (NYSE:ORCL) Stock Position Decreased by Ossiam

Ossiam decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 70.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,014 shares of the enterprise software provider's stock after selling 141,601 shares during the period. Ossiam's holdings in Oracle were worth $9,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Oracle by 1.5% in the fourth 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 during the period. FMR LLC grew its position in Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after buying an additional 156,269 shares during the last quarter. Geode Capital Management LLC increased its stake in Oracle by 1.8% in the 4th 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 during the period. Franklin Resources Inc. lifted its stake in shares of Oracle by 9.3% in 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 acquiring an additional 1,722,037 shares during the period. Finally, Fisher Asset Management LLC lifted its stake 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 during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 3.9 %

Shares of ORCL stock traded up $4.95 on Wednesday, hitting $132.19. The stock had a trading volume of 6,064,070 shares, compared to its average volume of 9,340,001. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The firm has a market capitalization of $369.73 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock's 50 day moving average is $148.93 and its 200-day moving average is $165.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. The firm's revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change 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 is presently 46.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group reiterated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. KeyCorp restated an "overweight" rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. BMO Capital Markets cut their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research report on Tuesday, March 11th. Bank of America decreased their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $130.00 price target (down previously from $190.00) on shares of Oracle in a report on Wednesday. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 352,174 shares of company stock worth $64,990,957. 42.20% of the stock is currently owned by 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.