Oracle Co. (NYSE:ORCL) Shares Sold by United Advisor Group LLC

United Advisor Group LLC reduced its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,775 shares of the enterprise software provider's stock after selling 1,803 shares during the quarter. United Advisor Group LLC's holdings in Oracle were worth $296,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter worth about $675,000. Ascent Group LLC grew its position in Oracle by 8.5% during the fourth quarter. Ascent Group LLC now owns 15,525 shares of the enterprise software provider's stock valued at $2,587,000 after purchasing an additional 1,210 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of Oracle during the fourth quarter worth $307,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Oracle during the 4th quarter valued at about $383,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Oracle by 13.1% in the 4th quarter. Mackenzie Financial Corp now owns 2,883,060 shares of the enterprise software provider's stock valued at $480,433,000 after purchasing an additional 333,755 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle 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 completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the 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 directly owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 in the last three months. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Up 0.2%

Shares of ORCL traded up $0.27 during trading hours on Friday, reaching $163.17. 2,855,348 shares of the company traded hands, compared to its average volume of 9,487,438. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock's fifty day moving average price is $144.32 and its 200 day moving average price is $161.43. The firm has a market cap of $456.37 billion, a price-to-earnings ratio of 39.86, a PEG ratio of 3.46 and a beta of 1.27.

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 analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. Sell-side analysts forecast 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. KeyCorp reaffirmed an "overweight" rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Stephens assumed coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. Piper Sandler reissued a "neutral" rating and issued a $130.00 price target (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Finally, Cantor Fitzgerald reduced their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $174.42.

About Oracle

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.