Advance Capital Management Inc. Sells 1,102 Shares of Oracle Co. (NYSE:ORCL)

Advance Capital Management Inc. cut its stake in Oracle Co. (NYSE:ORCLFree Report) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,887 shares of the enterprise software provider’s stock after selling 1,102 shares during the quarter. Oracle comprises 0.1% of Advance Capital Management Inc.’s holdings, making the stock its 24th largest holding. Advance Capital Management Inc.’s holdings in Oracle were worth $1,570,000 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. Norges Bank purchased a new stake in Oracle in the fourth quarter worth $1,409,896,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Oracle by 112,785.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after buying an additional 10,822,934 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares during the period. Vanguard Group Inc. increased its stake in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Oracle by 83.8% in the 2nd quarter. Capital World Investors now owns 15,057,067 shares of the enterprise software provider’s stock worth $1,793,146,000 after acquiring an additional 6,863,334 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Morgan Stanley cut their price objective on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. BMO Capital Markets lifted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, UBS Group dropped their target price on shares of Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, December 12th. Nine 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 a consensus price target of $129.33.

Get Our Latest Report on Oracle

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 16,300 shares of Oracle stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the transaction, the director now directly owns 34,771 shares of the company’s stock, valued at approximately $3,686,421.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 42.80% of the company’s stock.

Oracle Trading Up 1.8 %

Shares of NYSE:ORCL opened at $127.80 on Tuesday. The stock’s 50-day simple moving average is $113.29 and its two-hundred day simple moving average is $111.18. The stock has a market capitalization of $351.25 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.43 and a beta of 1.00. Oracle Co. has a 52-week low of $85.25 and a 52-week high of $129.37. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is presently 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.

See Also

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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