Oracle Co. (NYSE:ORCL) Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 75.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,765 shares of the enterprise software provider's stock after selling 17,387 shares during the quarter. Generali Investments Management Co LLC's holdings in Oracle were worth $806,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ORCL. Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. FMR LLC raised its position in shares of Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $5,954,961,000 after buying an additional 619,619 shares in the last quarter. Franklin Resources Inc. grew its holdings in 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 buying an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp increased its position in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. Stephens assumed coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Jefferies Financial Group cut their target price on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Bank of America lowered their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Piper Sandler restated a "neutral" rating and set a $130.00 price target (down from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Finally, Westpark Capital started coverage on Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective on the stock. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Oracle Price Performance

ORCL opened at $171.16 on Friday. The company has a market capitalization of $478.73 billion, a P/E ratio of 41.85, a PEG ratio of 3.46 and a beta of 1.32. The company has a 50-day moving average of $146.56 and a 200-day moving average of $160.77. 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 Co. has a 1-year low of $118.86 and a 1-year high of $198.31.

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

Oracle Increases Dividend

The firm 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 represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is 46.95%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by insiders.

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.

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