Savvy Advisors Inc. Has $1.58 Million Stake in Oracle Co. (NYSE:ORCL)

Savvy Advisors Inc. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 28.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,468 shares of the enterprise software provider’s stock after acquiring an additional 2,121 shares during the quarter. Savvy Advisors Inc.’s holdings in Oracle were worth $1,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. grew its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. FMR LLC increased its stake in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after acquiring an additional 156,269 shares during the period. Geode Capital Management LLC raised its stake in shares of Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after purchasing an additional 619,619 shares in the last quarter. Franklin Resources Inc. boosted its stake in Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Oracle by 0.5% in the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock valued at $2,998,798,000 after purchasing an additional 97,635 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,448,328 shares of company stock worth $453,791,001. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORCL. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Piper Sandler lowered their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target for the company. Stifel Nicolaus reduced their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.65.

Oracle Stock Performance

NYSE:ORCL opened at $132.27 on Friday. The business’s fifty day moving average is $155.25 and its 200 day moving average is $167.63. The firm has a market cap of $369.94 billion, a price-to-earnings ratio of 32.34, 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. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter 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. Research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is 46.95%.

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.