UniSuper Management Pty Ltd Purchases 85,246 Shares of Oracle Co. (NYSE:ORCL)

UniSuper Management Pty Ltd grew its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 521,310 shares of the enterprise software provider's stock after buying an additional 85,246 shares during the period. Oracle makes up 0.6% of UniSuper Management Pty Ltd's portfolio, making the stock its 26th biggest position. UniSuper Management Pty Ltd's holdings in Oracle were worth $86,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. R Squared Ltd bought a new position in Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. increased its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the fourth quarter worth $47,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by corporate insiders.

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Oracle Price Performance

ORCL stock traded down $5.03 during midday trading on Friday, reaching $140.75. The company had a trading volume of 13,138,087 shares, compared to its average volume of 8,963,386. The company has a market capitalization of $393.67 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 1-year low of $112.78 and a 1-year high of $198.31. The stock has a 50 day moving average price of $163.94 and a 200-day moving average price of $170.22.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. Equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm 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 dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Piper Sandler lowered their price target on Oracle from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. cut their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.20.

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.