State of Tennessee Treasury Department lowered its stake in shares of Oracle Co. (NYSE:ORCL – Free Report) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 635,073 shares of the enterprise software provider’s stock after selling 113,434 shares during the period. State of Tennessee Treasury Department’s holdings in Oracle were worth $66,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Invst LLC raised its position in Oracle by 2.7% during the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after buying an additional 86 shares during the last quarter. Nemes Rush Group LLC grew its stake in shares of Oracle by 1.2% during the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after purchasing an additional 86 shares during the period. Avidian Wealth Solutions LLC grew its stake in shares of Oracle by 1.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after purchasing an additional 90 shares during the period. Sovereign Financial Group Inc. grew its stake in shares of Oracle by 2.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after purchasing an additional 90 shares during the period. Finally, Godshalk Welsh Capital Management Inc. grew its stake in shares of Oracle by 0.3% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock worth $3,525,000 after purchasing an additional 90 shares during the period. Institutional investors own 42.44% of the company’s stock.
Oracle Trading Up 2.0 %
Shares of NYSE ORCL traded up $2.42 during trading on Friday, hitting $125.92. 11,544,957 shares of the company were exchanged, compared to its average volume of 6,887,071. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average price of $120.21 and a 200-day moving average price of $115.53. The firm has a market capitalization of $346.09 billion, a PE ratio of 33.22, a P/E/G ratio of 2.60 and a beta of 1.01.
Oracle Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.27%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ORCL. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. HSBC raised their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.
Get Our Latest Stock Report on ORCL
Insider Activity at Oracle
In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 880,000 shares of company stock worth $110,488,150. Company insiders own 42.80% of the company’s stock.
Oracle Company 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.
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