Truist Financial Corp Sells 35,961 Shares of Oracle Co. (NYSE:ORCL)

Truist Financial Corp decreased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,919,593 shares of the enterprise software provider's stock after selling 35,961 shares during the quarter. Truist Financial Corp owned about 0.07% of Oracle worth $202,383,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Strategic Blueprint LLC boosted its position in shares of Oracle by 5.1% during the third quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider's stock valued at $432,000 after buying an additional 197 shares during the period. Galvin Gaustad & Stein LLC boosted its holdings in Oracle by 5.7% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 2,376 shares of the enterprise software provider's stock valued at $252,000 after acquiring an additional 128 shares during the period. WASHINGTON TRUST Co grew its position in Oracle by 1.6% in the 3rd quarter. WASHINGTON TRUST Co now owns 17,816 shares of the enterprise software provider's stock valued at $1,887,000 after acquiring an additional 279 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Oracle by 1.5% in the third quarter. Handelsbanken Fonder AB now owns 505,531 shares of the enterprise software provider's stock worth $53,546,000 after purchasing an additional 7,300 shares during the period. Finally, Harrington Investments INC lifted its position in shares of Oracle by 3.1% during the third quarter. Harrington Investments INC now owns 35,719 shares of the enterprise software provider's stock worth $3,783,000 after purchasing an additional 1,072 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now 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 accessible through this hyperlink. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Up 2.0 %

Shares of ORCL traded up $2.32 during midday trading on Friday, hitting $117.21. 8,253,920 shares of the company's stock traded hands, compared to its average volume of 8,478,005. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market capitalization of $322.15 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The firm's fifty day moving average is $119.42 and its 200-day moving average is $113.11.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. Oracle's payout ratio is 42.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ORCL. William Blair upgraded shares of Oracle from a "market perform" rating to an "outperform" rating in a report on Tuesday, March 12th. Argus upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. StockNews.com raised shares of Oracle from a "hold" rating to a "buy" rating in a research note on Tuesday. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 12th. Finally, The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $130.76.

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.

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