Rhumbline Advisers Has $437.73 Million Holdings in Oracle Co. (NYSE:ORCL)

Rhumbline Advisers boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,130,893 shares of the enterprise software provider's stock after purchasing an additional 6,340 shares during the quarter. Oracle comprises 0.4% of Rhumbline Advisers' holdings, making the stock its 29th biggest position. Rhumbline Advisers owned approximately 0.11% of Oracle worth $437,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aletheian Wealth Advisors LLC grew its stake in shares of Oracle by 5.4% in the first quarter. Aletheian Wealth Advisors LLC now owns 1,864 shares of the enterprise software provider's stock worth $261,000 after purchasing an additional 96 shares in the last quarter. Abner Herrman & Brock LLC grew its position in Oracle by 0.6% in the 1st quarter. Abner Herrman & Brock LLC now owns 160,260 shares of the enterprise software provider's stock valued at $22,406,000 after buying an additional 919 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Oracle by 26.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 61,909 shares of the enterprise software provider's stock valued at $8,656,000 after buying an additional 13,015 shares during the period. Beese Fulmer Investment Management Inc. increased its stake in Oracle by 1.1% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,452 shares of the enterprise software provider's stock valued at $1,042,000 after buying an additional 83 shares during the period. Finally, Avondale Wealth Management raised its position in shares of Oracle by 180.0% during the 1st quarter. Avondale Wealth Management now owns 840 shares of the enterprise software provider's stock worth $117,000 after buying an additional 540 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were 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 owns 58,090 shares of the company's stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 over the last quarter. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. Piper Sandler reiterated a "neutral" rating and set a $130.00 price objective (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. KeyCorp reiterated an "overweight" rating and set a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Guggenheim restated a "buy" rating and issued a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. Stephens assumed coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. Finally, Citigroup dropped their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Fourteen 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 currently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Oracle Stock Up 1.6%

Shares of Oracle stock traded up $2.69 during trading on Tuesday, hitting $169.26. 6,917,022 shares of the stock traded hands, compared to its average volume of 9,508,509. The stock has a market cap of $473.40 billion, a P/E ratio of 41.38, a PEG ratio of 3.46 and a beta of 1.27. The company has a fifty day moving average price of $144.92 and a two-hundred day moving average price of $160.76. Oracle Co. has a twelve month low of $117.34 and a twelve month high of $198.31. 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 - Get Free Report) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm earned $1.41 earnings per share. Oracle's revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is 46.95%.

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.