2,987 Shares in Oracle Co. (NYSE:ORCL) Acquired by Sig Brokerage LP

Sig Brokerage LP purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,987 shares of the enterprise software provider’s stock, valued at approximately $498,000.

A number of other large investors have also bought and sold shares of ORCL. Rafferty Asset Management LLC grew its stake in Oracle by 0.5% during the fourth quarter. Rafferty Asset Management LLC now owns 556,326 shares of the enterprise software provider’s stock valued at $92,706,000 after acquiring an additional 2,970 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Oracle in the 4th quarter worth about $33,689,000. Polar Capital Holdings Plc grew its position in Oracle by 57.1% during the 4th quarter. Polar Capital Holdings Plc now owns 759,307 shares of the enterprise software provider’s stock valued at $126,531,000 after purchasing an additional 276,062 shares during the last quarter. Prana Capital Management LP grew its position in Oracle by 44.5% during the 4th quarter. Prana Capital Management LP now owns 59,895 shares of the enterprise software provider’s stock valued at $9,981,000 after purchasing an additional 18,442 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Oracle by 6.1% during the 4th quarter. ProShare Advisors LLC now owns 366,034 shares of the enterprise software provider’s stock valued at $60,996,000 after acquiring an additional 20,991 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were 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 directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. KeyCorp reiterated an “overweight” rating and set a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Piper Sandler reiterated a “neutral” rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Bank of America decreased their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price for the company. Finally, Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $174.42.

Oracle Trading Down 2.4%

Shares of ORCL opened at $159.02 on Friday. The firm has a market capitalization of $444.77 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The stock’s 50-day moving average price is $142.59 and its 200 day moving average price is $162.66. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued 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 company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.41 earnings per share. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 46.95%.

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.