Sienna Gestion Has $6.48 Million Stock Position in Oracle Co. (NYSE:ORCL)

Sienna Gestion raised its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1,051.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,915 shares of the enterprise software provider's stock after buying an additional 35,536 shares during the quarter. Sienna Gestion's holdings in Oracle were worth $6,484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management raised its stake in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC increased its holdings in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after purchasing an additional 58 shares during the period. Cadence Bank raised its position in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock valued at $1,296,000 after buying an additional 59 shares in the last quarter. Requisite Capital Management LLC boosted its stake in shares of Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after buying an additional 60 shares during the period. Finally, Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Bank of America cut their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday. Piper Sandler decreased their target price on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Citigroup decreased their price objective on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $179.71.

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Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on 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 owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company's stock.

Oracle Stock Down 2.3 %

Shares of Oracle stock opened at $147.41 on Friday. The firm has a market cap of $412.30 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07. The stock's 50-day moving average is $166.14 and its 200 day moving average is $169.34. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. 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 announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company 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%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. Equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.36%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is presently 39.12%.

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.

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