Oracle Co. (NYSE:ORCL) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.8% during the fourth quarter, Holdings Channel reports. 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’s holdings in Oracle were worth $202,383,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Bison Wealth LLC increased its stake in Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after acquiring an additional 91 shares during the last quarter. MONECO Advisors LLC increased its stake in Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after buying an additional 94 shares during the period. Everhart Financial Group Inc. lifted its holdings in Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after buying an additional 96 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its position in Oracle by 1.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after buying an additional 98 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Oracle by 0.5% during the third quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ORCL shares. Oppenheimer began coverage on Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. Piper Sandler reduced their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Performance

NYSE ORCL traded up $2.32 during trading hours on Friday, hitting $117.21. The company had a trading volume of 8,253,920 shares, compared to its average volume of 8,478,005. 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 firm has a market cap of $322.15 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The business has a fifty day simple moving average of $119.42 and a 200-day simple moving average of $113.11.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. Equities analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Oracle’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In other 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 transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 42.80% of the company’s stock.

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.