Strs Ohio Cuts Position in Oracle Co. (NYSE:ORCL)

Strs Ohio cut its stake in Oracle Co. (NYSE:ORCL - Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 774,423 shares of the enterprise software provider's stock after selling 39,688 shares during the period. Strs Ohio's holdings in Oracle were worth $81,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Norges Bank acquired a new stake in Oracle during the 4th quarter valued at approximately $1,409,896,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Oracle by 112,785.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider's stock valued at $885,451,000 after purchasing an additional 10,822,934 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider's stock valued at $865,472,000 after purchasing an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider's stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider's stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 1.7 %

Shares of ORCL stock traded down $2.13 on Friday, hitting $121.11. 6,196,877 shares of the stock traded hands, compared to its average volume of 7,740,461. The firm's 50-day moving average price is $119.08 and its two-hundred day moving average price is $112.53. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $332.87 billion, a PE ratio of 31.96, a PEG ratio of 2.34 and a beta of 1.01. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analysts' expectations of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The company's revenue was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. Oracle's payout ratio is currently 42.22%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. BMO Capital Markets lifted their target price on shares of Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a report on Tuesday, March 12th. Piper Sandler cut their target price on shares of Oracle from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, January 2nd. Erste Group Bank reaffirmed a "hold" rating on shares of Oracle in a report on Friday, December 22nd. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a report on Thursday, March 21st. Finally, HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $130.76.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by corporate insiders.

Oracle Company 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.