Calamos Advisors LLC Has $87.02 Million Holdings in Oracle Co. (NYSE:ORCL)

Calamos Advisors LLC decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 825,357 shares of the enterprise software provider's stock after selling 55,136 shares during the quarter. Calamos Advisors LLC's holdings in Oracle were worth $87,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Xponance Inc. grew its stake in Oracle by 2.6% in the fourth quarter. Xponance Inc. now owns 269,661 shares of the enterprise software provider's stock valued at $28,430,000 after purchasing an additional 6,924 shares in the last quarter. Flynn Zito Capital Management LLC boosted its holdings in shares of Oracle by 4.4% in the 4th quarter. Flynn Zito Capital Management LLC now owns 3,336 shares of the enterprise software provider's stock worth $352,000 after acquiring an additional 140 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of Oracle by 16.9% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 6,851 shares of the enterprise software provider's stock worth $722,000 after acquiring an additional 988 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Oracle by 5.7% in the 4th quarter. Federated Hermes Inc. now owns 48,925 shares of the enterprise software provider's stock worth $5,158,000 after acquiring an additional 2,620 shares in the last quarter. Finally, HF Advisory Group LLC boosted its holdings in shares of Oracle by 43.6% in the 4th quarter. HF Advisory Group LLC now owns 8,554 shares of the enterprise software provider's stock worth $902,000 after acquiring an additional 2,596 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 2.3 %

Oracle stock traded down $2.74 during mid-day trading on Thursday, hitting $115.93. The company's stock had a trading volume of 6,657,569 shares, compared to its average volume of 8,598,674. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $318.63 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. The firm's 50 day moving average is $119.27 and its 200 day moving average is $112.80. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, April 9th. Oracle's dividend payout ratio (DPR) is presently 42.22%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on ORCL shares. Erste Group Bank reaffirmed a "hold" rating on shares of Oracle in a report on Friday, December 22nd. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a research note on Tuesday, March 12th. William Blair upgraded shares of Oracle from a "market perform" rating to an "outperform" rating in a research report on Tuesday, March 12th. Finally, Piper Sandler lowered their price objective on shares of Oracle from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $130.76.

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.