Oracle Co. (NYSE:ORCL) Stake Decreased by JLB & Associates Inc.

JLB & Associates Inc. trimmed its stake in Oracle Co. (NYSE:ORCL) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,769 shares of the enterprise software provider’s stock after selling 8,369 shares during the quarter. Oracle comprises 4.2% of JLB & Associates Inc.’s portfolio, making the stock its 3rd largest position. JLB & Associates Inc.’s holdings in Oracle were worth $31,290,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. One Day In July LLC raised its position in Oracle by 10.9% in the fourth quarter. One Day In July LLC now owns 3,408 shares of the enterprise software provider’s stock valued at $568,000 after purchasing an additional 335 shares during the period. Forte Capital LLC ADV grew its stake in shares of Oracle by 1.6% in the fourth quarter. Forte Capital LLC ADV now owns 7,422 shares of the enterprise software provider’s stock valued at $1,237,000 after buying an additional 120 shares in the last quarter. ING Groep NV raised its holdings in shares of Oracle by 117.5% during the 4th quarter. ING Groep NV now owns 458,813 shares of the enterprise software provider’s stock valued at $76,457,000 after buying an additional 247,816 shares during the period. Dash Acquisitions Inc. lifted its position in Oracle by 184.7% during the 4th quarter. Dash Acquisitions Inc. now owns 53,372 shares of the enterprise software provider’s stock worth $8,753,000 after acquiring an additional 34,624 shares in the last quarter. Finally, Zullo Investment Group Inc. raised its stake in shares of Oracle by 3.4% during the fourth quarter. Zullo Investment Group Inc. now owns 2,198 shares of the enterprise software provider’s stock valued at $366,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a report on Friday, December 20th. Morgan Stanley increased their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

NYSE ORCL opened at $176.01 on Friday. The firm has a market capitalization of $492.30 billion, a PE ratio of 43.04, a P/E/G ratio of 3.57 and a beta of 1.05. 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 12 month low of $106.51 and a 12 month high of $198.31. The company’s 50 day simple moving average is $169.10 and its 200 day simple moving average is $166.74.

Oracle (NYSE:ORCL) last posted 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was 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 approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

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.