Rockefeller Capital Management L.P. Has $214.68 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Rockefeller Capital Management L.P. reduced its position in Oracle Co. (NYSE:ORCL) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,288,328 shares of the enterprise software provider’s stock after selling 57,777 shares during the period. Oracle makes up about 0.6% of Rockefeller Capital Management L.P.’s portfolio, making the stock its 23rd largest position. Rockefeller Capital Management L.P.’s holdings in Oracle were worth $214,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. lifted its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’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 transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock valued at $453,791,001 in the last 90 days. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Jefferies Financial Group decreased their target price on Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Piper Sandler decreased their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Stifel Nicolaus dropped their target price on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. BMO Capital Markets decreased their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. Finally, DA Davidson reiterated a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Stock Down 0.8 %

ORCL stock opened at $132.27 on Friday. The firm has a 50-day moving average price of $155.25 and a 200-day moving average price of $167.63. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. 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 stock has a market capitalization of $369.94 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

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

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.