Oracle Co. (NYSE:ORCL) Shares Purchased by Umpqua Bank

Umpqua Bank lifted its stake in Oracle Co. (NYSE:ORCL) by 20.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,109 shares of the enterprise software provider’s stock after purchasing an additional 537 shares during the quarter. Umpqua Bank’s holdings in Oracle were worth $486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. increased its stake in Oracle by 19.5% during the fourth quarter. Sei Investments Co. now owns 2,665,576 shares of the enterprise software provider’s stock worth $444,194,000 after acquiring an additional 434,458 shares during the last quarter. American Century Companies Inc. increased its stake in Oracle by 22.0% during the fourth quarter. American Century Companies Inc. now owns 1,895,824 shares of the enterprise software provider’s stock worth $315,920,000 after acquiring an additional 341,475 shares during the last quarter. Plancorp LLC increased its stake in Oracle by 12.5% during the fourth quarter. Plancorp LLC now owns 8,861 shares of the enterprise software provider’s stock worth $1,477,000 after acquiring an additional 987 shares during the last quarter. Vestor Capital LLC increased its stake in Oracle by 45.4% during the fourth quarter. Vestor Capital LLC now owns 130,227 shares of the enterprise software provider’s stock worth $21,701,000 after acquiring an additional 40,676 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in Oracle by 47.0% during the fourth quarter. Mizuho Securities USA LLC now owns 152,328 shares of the enterprise software provider’s stock worth $25,384,000 after acquiring an additional 48,680 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ORCL shares. Citigroup dropped their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. KeyCorp reiterated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Evercore ISI decreased their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Finally, Piper Sandler decreased their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.20.

Oracle Stock Performance

NYSE ORCL opened at $152.83 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s 50 day moving average is $164.87 and its two-hundred day moving average is $169.85. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The stock has a market capitalization of $427.45 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. Research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 46.95%.

Oracle Company 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.