KBC Group NV Trims Stock Position in Oracle Co. (NYSE:ORCL)

KBC Group NV trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 606,873 shares of the enterprise software provider’s stock after selling 1,081 shares during the period. KBC Group NV’s holdings in Oracle were worth $101,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ORCL. Union Bancaire Privee UBP SA acquired a new position in Oracle in the fourth quarter valued at approximately $53,191,000. Apexium Financial LP boosted its stake in Oracle by 8.2% during the fourth quarter. Apexium Financial LP now owns 9,825 shares of the enterprise software provider’s stock worth $1,637,000 after buying an additional 742 shares during the period. Capital Asset Advisory Services LLC raised its stake in shares of Oracle by 5.5% in the 4th quarter. Capital Asset Advisory Services LLC now owns 7,096 shares of the enterprise software provider’s stock valued at $1,180,000 after acquiring an additional 368 shares during the period. Blue Trust Inc. boosted its position in shares of Oracle by 23.3% during the 4th quarter. Blue Trust Inc. now owns 33,520 shares of the enterprise software provider’s stock worth $5,712,000 after purchasing an additional 6,331 shares during the period. Finally, Register Financial Advisors LLC increased its holdings in Oracle by 7.7% in the 4th quarter. Register Financial Advisors LLC now owns 5,957 shares of the enterprise software provider’s stock valued at $993,000 after purchasing an additional 425 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 1.5 %

Shares of ORCL opened at $183.59 on Monday. The firm has a market cap of $513.50 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. 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 company’s fifty day moving average is $174.41 and its two-hundred day moving average is $162.64. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. Analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s payout ratio is 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. Finally, Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.