Oracle Co. (NYSE:ORCL) Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 51.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,439,246 shares of the enterprise software provider's stock after selling 3,704,750 shares during the period. Parnassus Investments LLC owned about 0.12% of Oracle worth $573,116,000 at the end of the most recent reporting period.

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Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 worth $5,977,015,000 after purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after purchasing an additional 97,635 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock worth $2,489,345,000 after purchasing an additional 54,868 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 2.3 %

Shares of NYSE ORCL opened at $147.41 on Friday. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The business's 50 day moving average is $166.14 and its two-hundred day moving average is $169.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $412.30 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07.

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Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 dividend yield of 1.36%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

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ORCL has been the topic of several recent research reports. Barclays lowered their target price on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a report on Tuesday. StockNews.com cut Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $179.71.

Read Our Latest Report on Oracle

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 42.20% of the company's stock.

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.

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