Oracle Co. (NYSE:ORCL) Shares Sold by Iowa State Bank

Iowa State Bank lessened its position in Oracle Co. (NYSE:ORCLFree Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,651 shares of the enterprise software provider’s stock after selling 472 shares during the period. Iowa State Bank’s holdings in Oracle were worth $3,653,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in Oracle during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in Oracle during the third quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its position in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new position in Oracle during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock traded down $1.14 during trading hours on Tuesday, hitting $124.34. 4,569,766 shares of the stock were exchanged, compared to its average volume of 9,065,827. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market capitalization of $341.75 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.43 and a beta of 1.01. The company has a 50-day simple moving average of $117.34 and a two-hundred day simple moving average of $111.65. Oracle Co. has a 12 month low of $92.09 and a 12 month high of $132.77.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. Morgan Stanley decreased their price objective on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 12th. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. Piper Sandler decreased their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Finally, The Goldman Sachs Group upped their target price 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. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Get Our Latest Analysis on Oracle

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 42.80% of the stock is currently owned by insiders.

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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