Worldquant Millennium Advisors LLC Lowers Position in Oracle Co. (NYSE:ORCL)

Worldquant Millennium Advisors LLC lessened its stake in Oracle Co. (NYSE:ORCL - Free Report) by 48.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 367,001 shares of the enterprise software provider's stock after selling 348,758 shares during the period. Worldquant Millennium Advisors LLC's holdings in Oracle were worth $61,157,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ORCL. R Squared Ltd purchased a new stake in Oracle in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. DA Davidson decreased their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Piper Sandler reiterated a "neutral" rating and set a $130.00 target price (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. KeyCorp reiterated an "overweight" rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Citigroup decreased their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, JMP Securities restated a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Fourteen 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, the stock has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Stock Down 0.6%

Shares of ORCL opened at $159.46 on Tuesday. The firm has a market cap of $446.00 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The company's 50-day moving average price is $143.08 and its 200 day moving average price is $162.38. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company 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%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. On average, 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. Investors of record on Thursday, April 10th were issued a $0.50 dividend. 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 1.25%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's payout ratio is 46.95%.

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.

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