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

DT Investment Partners LLC lowered its stake in Oracle Co. (NYSE:ORCL) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,482 shares of the enterprise software provider’s stock after selling 545 shares during the period. DT Investment Partners LLC’s holdings in Oracle were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp increased its holdings in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC grew its holdings in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. grew its holdings in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. Fisher Asset Management LLC grew its holdings in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after acquiring an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after acquiring an additional 54,868 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a report on Friday, December 20th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Evercore ISI upped their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Finally, Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.1 %

NYSE:ORCL opened at $174.08 on Friday. 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 business’s 50 day moving average is $169.94 and its two-hundred day moving average is $165.29. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a market cap of $486.89 billion, a PE ratio of 42.56, a P/E/G ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business earned $1.34 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

About Oracle

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.