Oracle Co. (NYSE:ORCL) Shares Sold by Invesco LLC

Invesco LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,249 shares of the enterprise software provider’s stock after selling 229 shares during the quarter. Oracle accounts for 4.8% of Invesco LLC’s holdings, making the stock its 3rd largest holding. Invesco LLC’s holdings in Oracle were worth $10,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Orion Capital Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Oracle during the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC boosted its position in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its position in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. Erste Group Bank reissued a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Piper Sandler decreased their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. The Goldman Sachs Group upped their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, BMO Capital Markets upped their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Trading Down 0.3 %

Shares of ORCL stock traded down $0.37 during mid-day trading on Monday, hitting $120.74. 1,685,054 shares of the company’s stock were exchanged, compared to its average volume of 8,643,444. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The stock has a 50-day simple moving average of $119.08 and a two-hundred day simple moving average of $112.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market cap of $331.85 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.34 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. Equities analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

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.