Sterling Capital Management LLC Has $52.05 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Sterling Capital Management LLC lessened its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 312,336 shares of the enterprise software provider's stock after selling 24,023 shares during the quarter. Sterling Capital Management LLC's holdings in Oracle were worth $52,048,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Requisite Capital Management LLC lifted its stake in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares in the last quarter. McLean Asset Management Corp raised its position in shares of Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after purchasing an additional 61 shares during the period. Warther Private Wealth LLC lifted its holdings in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after purchasing an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC boosted its position in shares of Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after purchasing an additional 64 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred 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 sale, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of Oracle 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 completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock worth $453,791,001 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Mizuho reduced their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Finally, JMP Securities reiterated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Thirteen 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 company's stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average target price of $177.12.

Oracle Trading Down 0.3 %

Shares of ORCL stock traded down $0.40 on Tuesday, reaching $134.24. 3,333,162 shares of the stock were exchanged, compared to its average volume of 9,253,795. The stock has a market cap of $375.46 billion, a PE ratio of 32.82, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a 50 day moving average price of $154.50 and a 200 day moving average price of $167.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results 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 business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

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