AlTi Global Inc. Has $18.07 Million Position in Oracle Co. (NYSE:ORCL)

AlTi Global Inc. decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,717 shares of the enterprise software provider's stock after selling 9,164 shares during the quarter. AlTi Global Inc.'s holdings in Oracle were worth $18,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Vanguard Group Inc. grew its position in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC grew its stake in shares of Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after acquiring an additional 156,269 shares during the period. Geode Capital Management LLC lifted its stake in shares of Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. grew its position in shares of Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after buying an additional 2,176,892 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $5.28 during trading hours on Friday, hitting $150.77. The stock had a trading volume of 11,338,726 shares, compared to its average volume of 9,444,493. The stock's fifty day simple moving average is $143.62 and its 200 day simple moving average is $163.74. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $421.70 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business'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 sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ORCL shares. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Piper Sandler reissued a "neutral" rating and set a $130.00 price objective (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. BMO Capital Markets decreased their target price on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research report on Tuesday, March 11th. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.42.

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.