Ingalls & Snyder LLC Sells 875 Shares of Oracle Co. (NYSE:ORCL)

Ingalls & Snyder LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,882 shares of the enterprise software provider’s stock after selling 875 shares during the quarter. Ingalls & Snyder LLC’s holdings in Oracle were worth $9,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after purchasing an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. grew its position in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. State Street Corp grew its position in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Jennison Associates LLC grew its position in Oracle by 279.7% during the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after purchasing an additional 891,842 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Oracle by 2.6% during the 3rd 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 last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Jefferies Financial Group raised 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. Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Piper Sandler raised their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Evercore ISI raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen 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 a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

NYSE ORCL opened at $172.30 on Thursday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a market cap of $481.92 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.39 and a beta of 1.05. The company’s 50 day moving average is $170.25 and its two-hundred day moving average is $165.24. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is owned by company insiders.

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.