Oracle Co. (NYSE:ORCL) is First Manhattan CO. LLC.'s 7th Largest Position

First Manhattan CO. LLC. trimmed its stake in Oracle Co. (NYSE:ORCL - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,101,222 shares of the enterprise software provider's stock after selling 140,408 shares during the quarter. Oracle comprises about 2.5% of First Manhattan CO. LLC.'s holdings, making the stock its 7th biggest position. First Manhattan CO. LLC. owned 0.18% of Oracle worth $855,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd bought a new position in Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC grew its position in 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 purchasing an additional 87 shares in the last quarter. Hurley Capital LLC purchased a new stake in Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15 % 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 company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last 90 days. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on ORCL shares. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Westpark Capital started coverage on Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective on the stock. DA Davidson cut their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, Piper Sandler reiterated a "neutral" rating and issued a $130.00 price objective (down from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Oracle Trading Down 0.1 %

Shares of Oracle stock traded down $0.12 during trading on Friday, reaching $150.18. 4,698,183 shares of the stock were exchanged, compared to its average volume of 9,455,271. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The firm has a market cap of $420.05 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. 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's fifty day moving average is $142.12 and its 200 day moving average is $163.02.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. Oracle's payout ratio is presently 46.95%.

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.