Oracle Co. (NYSE:ORCL) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 43.9% during the third quarter, HoldingsChannel reports. The fund owned 1,346,105 shares of the enterprise software provider’s stock after selling 1,052,332 shares during the period. Oracle comprises approximately 0.6% of Rockefeller Capital Management L.P.’s investment portfolio, making the stock its 21st biggest holding. Rockefeller Capital Management L.P.’s holdings in Oracle were worth $229,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORCL. PineStone Asset Management Inc. grew its stake in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after acquiring an additional 2,219,450 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Oracle by 16,023.4% in the third 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. Altshuler Shaham Ltd raised its position in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after purchasing an additional 1,526,500 shares during the last quarter. Swedbank AB lifted its stake in Oracle by 123.7% in the 2nd quarter. Swedbank AB now owns 2,645,920 shares of the enterprise software provider’s stock valued at $373,604,000 after buying an additional 1,462,978 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Oracle by 459.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,235,859 shares of the enterprise software provider’s stock valued at $174,503,000 after buying an additional 1,014,959 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL opened at $182.70 on Friday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $506.27 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 3.37 and a beta of 1.02. The company has a fifty day simple moving average of $177.10 and a 200 day simple moving average of $151.11.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ORCL shares. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Piper Sandler raised their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. KeyCorp lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Evercore ISI increased their price target on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.