Thompson Investment Management Inc. Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Thompson Investment Management Inc. lessened its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,531 shares of the enterprise software provider's stock after selling 11,092 shares during the quarter. Oracle accounts for approximately 1.1% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 27th biggest position. Thompson Investment Management Inc.'s holdings in Oracle were worth $7,921,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after buying an additional 2,052,275 shares during the period. Franklin Resources Inc. raised its holdings in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp raised its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Jennison Associates LLC raised its holdings in Oracle by 279.7% during the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider's stock valued at $201,759,000 after acquiring an additional 891,842 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Oracle by 2.6% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.74 on Tuesday, reaching $177.18. The company's stock had a trading volume of 6,513,155 shares, compared to its average volume of 13,057,077. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a market cap of $495.57 billion, a P/E ratio of 43.32, a PEG ratio of 3.39 and a beta of 1.05. The company has a 50-day simple moving average of $170.37 and a 200 day simple moving average of $164.97. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. Oracle's dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ORCL shares. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Jefferies Financial Group raised their target price on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, UBS Group raised their target price on shares of Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by corporate insiders.

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.