XTX Topco Ltd Grows Position in Oracle Co. (NYSE:ORCL)

XTX Topco Ltd grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1,448.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,558 shares of the enterprise software provider's stock after acquiring an additional 18,295 shares during the quarter. Oracle accounts for approximately 0.3% of XTX Topco Ltd's portfolio, making the stock its 29th largest holding. XTX Topco Ltd's holdings in Oracle were worth $3,259,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Broyhill Asset Management bought a new stake in Oracle during the fourth quarter worth $706,000. Belpointe Asset Management LLC increased its holdings in Oracle by 11.3% during the fourth quarter. Belpointe Asset Management LLC now owns 35,907 shares of the enterprise software provider's stock worth $5,984,000 after buying an additional 3,643 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Oracle by 36.0% in the fourth quarter. CreativeOne Wealth LLC now owns 22,040 shares of the enterprise software provider's stock valued at $3,673,000 after acquiring an additional 5,836 shares during the last quarter. Mariner LLC increased its stake in shares of Oracle by 5.9% during the 4th quarter. Mariner LLC now owns 1,072,872 shares of the enterprise software provider's stock worth $178,786,000 after purchasing an additional 59,383 shares during the last quarter. Finally, SageView Advisory Group LLC raised its holdings in shares of Oracle by 42.2% in the 4th quarter. SageView Advisory Group LLC now owns 14,698 shares of the enterprise software provider's stock worth $2,449,000 after purchasing an additional 4,365 shares during the period. Institutional investors own 42.44% of the company's stock.

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Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,448,328 shares of company stock worth $453,791,001 in the last 90 days. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of ORCL stock traded up $1.98 during trading hours on Monday, hitting $134.33. 8,208,279 shares of the company's stock were exchanged, compared to its average volume of 9,276,268. 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 Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The business's 50 day simple moving average is $154.50 and its 200-day simple moving average is $167.39. The company has a market capitalization of $375.72 billion, a PE ratio of 32.84, a PEG ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company 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 firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of several research reports. Guggenheim restated a "buy" rating and issued a $220.00 target price on shares of Oracle in a research note on Thursday, April 3rd. Barclays reduced their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Evercore ISI reduced their price objective on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Jefferies Financial Group reduced their price target on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, Piper Sandler cut their target price on Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $178.27.

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.