Oracle Co. (NYSE:ORCL) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,089 shares of the enterprise software provider's stock after selling 11,715 shares during the period. Foundry Partners LLC's holdings in Oracle were worth $11,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position 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 worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. State Street Corp grew its stake in Oracle by 2.6% during the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider's stock valued at $5,815,566,000 after acquiring an additional 1,570,528 shares in the last quarter. Morgan Stanley grew its stake in 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 acquiring an additional 1,794,080 shares in the last quarter. Northern Trust Corp grew its stake in Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider's stock valued at $1,982,630,000 after acquiring an additional 635,994 shares in the last quarter. Finally, Norges Bank purchased a new stake in Oracle during the 4th quarter valued at about $1,409,896,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were 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 directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.80% of the company's stock.

Oracle Stock Down 1.0 %

Oracle stock traded down $1.12 during mid-day trading on Friday, reaching $114.88. 8,251,495 shares of the company's stock were exchanged, compared to its average volume of 5,931,178. The company has a market cap of $315.75 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.22 and a beta of 1.01. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a fifty day moving average of $119.23 and a 200-day moving average of $112.95.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the business earned $0.96 EPS. The company's revenue was up 7.1% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued 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 dividend yield of 1.39%. Oracle's payout ratio is 42.22%.

Analyst Ratings Changes

Several analysts recently issued reports on ORCL shares. BMO Capital Markets upped their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a research note on Tuesday, March 12th. KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an "overweight" rating and a $150.00 price target for the company. Oppenheimer started coverage on shares of Oracle in a research note on Thursday. They issued a "market perform" rating for the company. HSBC increased their price target on shares of Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Finally, StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus 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.

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