Voya Financial Advisors Inc. Has $2.36 Million Position in Oracle Co. (NYSE:ORCL)

Voya Financial Advisors Inc. cut its position in shares of Oracle Co. (NYSE:ORCL) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,119 shares of the enterprise software provider’s stock after selling 2,493 shares during the period. Voya Financial Advisors Inc.’s holdings in Oracle were worth $2,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC bought a new stake in Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $34,000. Finally, TFC Financial Management Inc. increased its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

ORCL stock opened at $137.57 on Friday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The firm has a market cap of $384.78 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day simple moving average of $147.37 and a two-hundred day simple moving average of $165.26.

Oracle (NYSE:ORCL) last announced its earnings results 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders 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 1.45%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio is 46.95%.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ORCL. Evercore ISI decreased their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective on the stock. Westpark Capital began coverage on Oracle in a research report on Tuesday, April 1st. They issued a “buy” rating and a $195.00 target price for the company. Piper Sandler restated a “neutral” rating and set a $130.00 price target (down from $190.00) on shares of Oracle in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.42.

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.