Northern Trust Corp Raises Stock Position in Oracle Co. (NYSE:ORCL)

Northern Trust Corp lifted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,620,534 shares of the enterprise software provider's stock after purchasing an additional 2,176,892 shares during the quarter. Oracle accounts for approximately 0.5% of Northern Trust Corp's portfolio, making the stock its 28th largest position. Northern Trust Corp owned about 0.70% of Oracle worth $3,269,566,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the 4th quarter worth $34,000. Finally, TFC Financial Management Inc. raised its position in Oracle by 129.0% in the 4th 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. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $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. 42.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ORCL shares. JPMorgan Chase & Co. reduced their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Piper Sandler reiterated a "neutral" rating and issued a $130.00 price objective (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Evercore ISI cut their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Finally, Cantor Fitzgerald lowered their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Oracle Stock Down 0.0 %

Shares of ORCL stock traded down $0.02 during trading hours on Wednesday, hitting $140.77. 9,354,616 shares of the company's stock traded hands, compared to its average volume of 9,375,498. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $393.73 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.46 and a beta of 1.22. The stock's fifty day simple moving average is $145.01 and its two-hundred day simple moving average is $164.44. Oracle Co. has a 12-month low of $113.65 and a 12-month high of $198.31.

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 analysts' expectations of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.42%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is 46.95%.

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.