Oracle Co. (NYSE:ORCL) Stock Position Reduced by Westpac Banking Corp

Westpac Banking Corp decreased its stake in Oracle Co. (NYSE:ORCLFree Report) by 16.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,909 shares of the enterprise software provider’s stock after selling 7,923 shares during the quarter. Westpac Banking Corp’s holdings in Oracle were worth $4,208,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ORCL. Invst LLC boosted its position in Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC lifted its holdings 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 valued at $898,000 after buying an additional 90 shares during the last quarter. Sovereign Financial Group Inc. grew its stake in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares in the last quarter. Bison Wealth LLC increased its holdings in Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares during the last quarter. Finally, MONECO Advisors LLC raised its position in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 in the last three months. 42.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ORCL. The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. KeyCorp assumed coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets boosted their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.76.

Read Our Latest Report on Oracle

Oracle Price Performance

NYSE ORCL traded up $0.35 on Wednesday, reaching $121.22. The company’s stock had a trading volume of 3,871,365 shares, compared to its average volume of 8,120,985. The firm has a market cap of $333.17 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 52 week low of $96.92 and a 52 week high of $132.77. The business has a 50-day moving average price of $120.71 and a 200 day moving average price of $114.12.

Oracle (NYSE:ORCLGet Free Report) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the firm posted $0.96 EPS. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.32%. Oracle’s dividend payout ratio is 42.22%.

Oracle Company 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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