Oracle Co. (NYSE:ORCL) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 165,671 shares of the enterprise software provider's stock after selling 2,827 shares during the period. Oracle makes up about 2.2% of Schaper Benz & Wise Investment Counsel Inc. WI's investment portfolio, making the stock its 9th largest position. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Oracle were worth $27,607,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. raised its stake in shares of Oracle by 11.6% during 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 during the period. Fisher Asset Management LLC raised its stake in shares of Oracle by 0.5% during the fourth 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 purchasing an additional 97,635 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

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Oracle Trading Up 3.3 %

Shares of ORCL traded up $4.95 during midday trading on Friday, hitting $155.89. The stock had a trading volume of 12,628,662 shares, compared to its average volume of 11,632,912. Oracle Co. has a fifty-two week low of $111.18 and a fifty-two week high of $198.31. The business has a 50-day simple moving average of $167.63 and a two-hundred day simple moving average of $169.51. The firm has a market cap of $436.01 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 10th. Guggenheim reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Oracle in a report on Wednesday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Finally, Piper Sandler lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.