SageView Advisory Group LLC Increases Position in Oracle Co. (NYSE:ORCL)

SageView Advisory Group LLC grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 42.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,698 shares of the enterprise software provider's stock after purchasing an additional 4,365 shares during the period. SageView Advisory Group LLC's holdings in Oracle were worth $2,449,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Oracle in the 4th quarter worth about $2,216,314,000. Raymond James Financial Inc. bought a new stake in shares of Oracle during the 4th quarter valued at about $930,095,000. Vanguard Group Inc. grew its holdings 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 purchasing an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC increased its position in shares of Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock worth $1,787,003,000 after purchasing an additional 1,955,764 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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Oracle Stock Down 0.6 %

Oracle stock traded down $0.81 during mid-day trading on Tuesday, hitting $133.83. The company had a trading volume of 8,619,117 shares, compared to its average volume of 9,290,326. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $374.33 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The stock's 50 day moving average price is $153.73 and its two-hundred day moving average price is $167.15.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is 46.95%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were 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 directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,453,328 shares of company stock valued at $454,439,851. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Piper Sandler reduced their target price on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Guggenheim restated a "buy" rating and set a $220.00 price target on shares of Oracle in a research report on Thursday, April 3rd. KeyCorp reiterated an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, Stephens began coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $177.12.

About Oracle

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.