Oracle Co. (NYSE:ORCL) Stock Holdings Increased by Cornerstone Advisory LLC

Cornerstone Advisory LLC lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 34.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,968 shares of the enterprise software provider's stock after purchasing an additional 3,299 shares during the quarter. Cornerstone Advisory LLC's holdings in Oracle were worth $2,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings 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 buying an additional 2,296,069 shares during the last quarter. FMR LLC grew its holdings in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC grew its holdings in Oracle by 1.8% during the fourth 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 purchasing an additional 619,619 shares during the last quarter. Franklin Resources Inc. grew its holdings in Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp grew its holdings 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 valued at $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 1.9%

Shares of ORCL stock opened at $157.28 on Thursday. The stock has a market cap of $439.92 billion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a one year low of $114.55 and a one year high of $198.31. The stock has a fifty day moving average price of $143.49 and a 200 day moving average price of $162.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

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). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. Analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ORCL shares. UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. DA Davidson lowered their price target on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. BMO Capital Markets lowered their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. 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. Finally, Piper Sandler restated a "neutral" rating and issued a $130.00 price objective (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares of the company's stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% 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 ninety days. 42.20% of the stock is owned by 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.

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