Oracle Co. (NYSE:ORCL) Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. raised its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,468 shares of the enterprise software provider's stock after acquiring an additional 2,121 shares during the period. Savvy Advisors Inc.'s holdings in Oracle were worth $1,578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Howard Capital Management Group LLC raised its position in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock valued at $1,366,000 after purchasing an additional 883 shares during the period. Principal Financial Group Inc. grew its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after buying an additional 121,874 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Oracle in the third quarter valued at $2,590,000. Wellington Management Group LLP raised its holdings in shares of Oracle by 27.3% in the 3rd quarter. Wellington Management Group LLP now owns 57,424 shares of the enterprise software provider's stock valued at $9,785,000 after buying an additional 12,302 shares during the period. Finally, XTX Topco Ltd acquired a new position in Oracle during the 3rd quarter worth about $215,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORCL has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Evercore ISI cut their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley decreased their target price on Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Finally, KeyCorp reissued an "overweight" rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $177.12.

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Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was 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 $5,049,400.30. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,453,328 shares of company stock worth $454,439,851 in the last three months. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL traded down $0.81 during mid-day trading on Tuesday, reaching $133.83. 8,619,117 shares of the stock were exchanged, compared to its average volume of 9,290,326. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a 50 day simple moving average of $153.73 and a 200-day simple moving average of $167.15. The stock has a market capitalization of $374.33 billion, a P/E ratio of 32.72, a P/E/G ratio of 3.46 and a beta of 1.22.

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). The business 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%. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.41 EPS. Analysts anticipate 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 will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. 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 annualized dividend and a dividend yield of 1.49%. Oracle's dividend payout ratio (DPR) is currently 46.95%.

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.