Freedom Together Foundation Has $3.91 Million Holdings in Oracle Co. (NYSE:ORCL)

Freedom Together Foundation decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 79.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,444 shares of the enterprise software provider's stock after selling 91,000 shares during the quarter. Oracle accounts for about 0.4% of Freedom Together Foundation's holdings, making the stock its 8th biggest holding. Freedom Together Foundation's holdings in Oracle were worth $3,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares during the period. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at $33,000. Synergy Investment Management LLC purchased a new stake in Oracle in the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. raised its stake in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Shares of ORCL traded up $6.84 during mid-day trading on Monday, hitting $157.18. The company's stock had a trading volume of 7,872,284 shares, compared to its average volume of 9,448,945. 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 Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The stock has a market capitalization of $439.62 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 3.46 and a beta of 1.27. The firm has a 50-day moving average price of $142.12 and a 200 day moving average price of $162.87.

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 the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. On average, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase 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 46.95%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% 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 in the last three months. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. KeyCorp reissued an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Bank of America reduced their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Piper Sandler reissued a "neutral" rating and issued a $130.00 price target (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price 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.