Oracle Co. (NYSE:ORCL) Shares Sold by F&V Capital Management LLC

F&V Capital Management LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 29.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,315 shares of the enterprise software provider's stock after selling 48,285 shares during the quarter. Oracle accounts for about 4.2% of F&V Capital Management LLC's portfolio, making the stock its 9th biggest position. F&V Capital Management LLC's holdings in Oracle were worth $16,122,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $30,000. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. raised its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Bank of America lifted their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price on shares of Oracle in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Evercore ISI lifted their target price on Oracle from $180.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday. Twelve analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.32.

Oracle Stock Performance

Shares of NYSE ORCL traded up $15.68 during midday trading on Friday, hitting $215.54. 53,639,099 shares of the company's stock were exchanged, compared to its average volume of 9,727,755. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $216.46. The company's 50 day moving average price is $151.06 and its 200 day moving average price is $160.44. The firm has a market capitalization of $602.86 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the company posted $1.63 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Oracle's dividend payout ratio is currently 46.95%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on 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 in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is owned by company insiders.

Oracle 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.