Oracle Co. (NYSE:ORCL) Shares Sold by Point72 Italy S.r.l.

Point72 Italy S.r.l. cut its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 36.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,500 shares of the enterprise software provider's stock after selling 8,179 shares during the period. Oracle comprises about 1.3% of Point72 Italy S.r.l.'s holdings, making the stock its 21st biggest holding. Point72 Italy S.r.l.'s holdings in Oracle were worth $2,416,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Polar Capital Holdings Plc raised its position in shares of Oracle by 57.1% in the fourth quarter. Polar Capital Holdings Plc now owns 759,307 shares of the enterprise software provider's stock valued at $126,531,000 after buying an additional 276,062 shares during the last quarter. Prana Capital Management LP raised its position in shares of Oracle by 44.5% in the fourth quarter. Prana Capital Management LP now owns 59,895 shares of the enterprise software provider's stock valued at $9,981,000 after buying an additional 18,442 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Oracle by 6.1% in the fourth quarter. ProShare Advisors LLC now owns 366,034 shares of the enterprise software provider's stock valued at $60,996,000 after buying an additional 20,991 shares during the last quarter. Prodigy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $340,000. Finally, Quadcap Wealth Management LLC raised its position in shares of Oracle by 1.9% in the fourth quarter. Quadcap Wealth Management LLC now owns 10,736 shares of the enterprise software provider's stock valued at $1,789,000 after buying an additional 203 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,366 shares of company stock worth $4,015,723. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL traded up $1.26 during trading on Monday, hitting $161.75. The stock had a trading volume of 3,579,838 shares, compared to its average volume of 9,457,090. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $452.41 billion, a P/E ratio of 39.52, a PEG ratio of 3.46 and a beta of 1.27. The company's 50-day moving average price is $142.91 and its 200 day moving average price is $162.45. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's payout ratio is presently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Piper Sandler restated a "neutral" rating and set a $130.00 price objective (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. BMO Capital Markets decreased their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. KeyCorp reiterated an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

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.