Oracle Co. (NYSE:ORCL) Shares Sold by SP Asset Management LLC

SP Asset Management LLC decreased its position in Oracle Co. (NYSE:ORCL) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,039 shares of the enterprise software provider’s stock after selling 917 shares during the quarter. Oracle accounts for about 1.5% of SP Asset Management LLC’s holdings, making the stock its 16th biggest holding. SP Asset Management LLC’s holdings in Oracle were worth $18,004,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Oracle by 2.7% in the third 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 in the last quarter. Geode Capital Management LLC raised its holdings in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Franklin Resources Inc. raised its holdings in Oracle by 11.6% during the third 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 in the last quarter. Fisher Asset Management LLC raised its holdings in Oracle by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock worth $2,998,798,000 after purchasing an additional 97,635 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after purchasing an additional 54,868 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 opened at $161.75 on Thursday. The firm has a market capitalization of $452.39 billion, a P/E ratio of 39.55, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a one year low of $110.67 and a one year high of $198.31. The company’s fifty day moving average is $168.31 and its two-hundred day moving average is $169.10. 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) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 earnings per share. Analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s payout ratio is currently 39.12%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ORCL shares. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Guggenheim reissued a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Wednesday. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday. Finally, Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.