Bank of New York Mellon Corp Has $2.11 Billion Stake in Oracle Co. (NYSE:ORCL)

Bank of New York Mellon Corp lessened its position in Oracle Co. (NYSE:ORCL) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,662,965 shares of the enterprise software provider’s stock after selling 45,189 shares during the period. Bank of New York Mellon Corp owned 0.45% of Oracle worth $2,110,156,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ORCL. Wrapmanager Inc. grew its holdings in Oracle by 5.1% during the 4th quarter. Wrapmanager Inc. now owns 9,685 shares of the enterprise software provider’s stock worth $1,614,000 after acquiring an additional 471 shares during the last quarter. Mengis Capital Management Inc. lifted its holdings in shares of Oracle by 5.0% during the fourth quarter. Mengis Capital Management Inc. now owns 4,178 shares of the enterprise software provider’s stock worth $696,000 after purchasing an additional 200 shares during the period. CWS Financial Advisors LLC bought a new stake in shares of Oracle in the fourth quarter worth $201,000. Prasad Wealth Partners LLC acquired a new stake in Oracle in the fourth quarter valued at $682,000. Finally, BankPlus Trust Department bought a new position in Oracle during the 4th quarter worth $626,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Citigroup boosted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued 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 target price of $182.73.

Oracle Price Performance

ORCL stock opened at $170.00 on Tuesday. The company has a market capitalization of $475.48 billion, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. Oracle Co. has a 52-week low of $109.79 and a 52-week high of $198.31. The business has a 50-day simple moving average of $168.97 and a two-hundred day simple moving average of $167.87. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company 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%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

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.