Rockefeller Capital Management L.P. Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Rockefeller Capital Management L.P. decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,288,328 shares of the enterprise software provider's stock after selling 57,777 shares during the period. Oracle accounts for about 0.6% of Rockefeller Capital Management L.P.'s holdings, making the stock its 23rd biggest position. Rockefeller Capital Management L.P.'s holdings in Oracle were worth $214,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC raised its stake in shares of Oracle by 0.4% during 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 purchasing an additional 156,269 shares during the period. Geode Capital Management LLC lifted its holdings in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares in the last quarter. Franklin Resources Inc. boosted its stake in 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 purchasing an additional 1,722,037 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock valued at $2,998,798,000 after buying an additional 97,635 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ORCL. Citigroup cut their price objective on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Piper Sandler cut their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Stifel Nicolaus decreased their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Westpark Capital started coverage on Oracle in a research note on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective for the company. Finally, BMO Capital Markets decreased their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average target price of $178.27.

Insider Activity at Oracle

In other 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 value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was 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 approximately $5,049,400.30. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock valued at $453,791,001 in the last three months. Company insiders own 42.20% of the company's stock.

Oracle Trading Up 1.5 %

NYSE ORCL traded up $1.98 during trading on Monday, hitting $134.33. The company had a trading volume of 8,208,279 shares, compared to its average volume of 9,276,263. The company's fifty day moving average is $155.25 and its 200-day moving average is $167.63. The company has a market cap of $375.72 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a one year low of $112.78 and a one year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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 firm had revenue of $14.13 billion for 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%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.41 EPS. On average, sell-side analysts predict 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. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. Oracle's dividend payout ratio is currently 46.95%.

Oracle Company 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.