Wellington Management Group LLP Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Wellington Management Group LLP boosted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 200.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 172,483 shares of the enterprise software provider's stock after buying an additional 115,059 shares during the quarter. Wellington Management Group LLP's holdings in Oracle were worth $28,743,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. raised its stake in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after acquiring an additional 1,069 shares during the period. Boston Trust Walden Corp raised its position in shares of Oracle by 40.8% in the fourth quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider's stock valued at $93,990,000 after purchasing an additional 163,543 shares during the period. CENTRAL TRUST Co boosted its holdings in Oracle by 10.8% in the 4th quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider's stock worth $7,307,000 after buying an additional 4,259 shares during the period. EQ Wealth Advisors LLC bought a new position in Oracle in the 4th quarter worth approximately $12,738,000. Finally, Paul R. Ried Financial Group LLC purchased a new position in Oracle in the 4th quarter valued at approximately $500,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 1.6%

Shares of ORCL stock traded up $2.69 on Tuesday, hitting $169.26. 6,908,175 shares of the company's stock traded hands, compared to its average volume of 9,507,567. The stock has a market capitalization of $473.40 billion, a price-to-earnings ratio of 41.38, a P/E/G ratio of 3.46 and a beta of 1.27. The company's fifty day simple moving average is $144.92 and its 200 day simple moving average is $160.76. Oracle Co. has a one year low of $117.34 and a one year 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 announced its quarterly earnings data 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 company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the business posted $1.41 earnings per share. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. 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 yield of 1.18%. The ex-dividend date was Thursday, April 10th. Oracle's payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the business's 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 transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen lowered Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. KeyCorp reaffirmed an "overweight" rating and set a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Stephens started coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 target price (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

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.