Oracle Co. (NYSE:ORCL) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,355 shares of the enterprise software provider’s stock after selling 1,414 shares during the quarter. Kintegral Advisory LLC’s holdings in Oracle were worth $5,058,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORCL. State Street Corp raised its stake in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. raised its stake in shares of Oracle by 11.6% in 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 purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

ORCL opened at $167.92 on Friday. The company has a market cap of $469.66 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05. The firm’s fifty day simple moving average is $168.99 and its two-hundred day simple moving average is $167.02. 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 Co. has a 52-week low of $109.66 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald began coverage on Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.