Candriam Luxembourg S.C.A. Raises Stock Position in Oracle Co. (NYSE:ORCL)

Candriam Luxembourg S.C.A. lifted its stake in shares of Oracle Co. (NYSE:ORCLGet Rating) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,245 shares of the enterprise software provider’s stock after acquiring an additional 16,618 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Oracle were worth $12,841,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ORCL. Linscomb & Williams Inc. increased its holdings in Oracle by 1.6% during the fourth quarter. Linscomb & Williams Inc. now owns 45,826 shares of the enterprise software provider’s stock valued at $3,996,000 after buying an additional 724 shares during the period. Nwam LLC grew its holdings in Oracle by 9.0% in the fourth quarter. Nwam LLC now owns 20,869 shares of the enterprise software provider’s stock worth $1,820,000 after purchasing an additional 1,719 shares during the last quarter. Bridgefront Capital LLC grew its holdings in Oracle by 159.8% in the fourth quarter. Bridgefront Capital LLC now owns 7,214 shares of the enterprise software provider’s stock worth $629,000 after purchasing an additional 4,437 shares during the last quarter. Covestor Ltd purchased a new position in Oracle in the fourth quarter worth $77,000. Finally, Midwest Professional Planners LTD. grew its holdings in Oracle by 1.2% in the fourth quarter. Midwest Professional Planners LTD. now owns 12,162 shares of the enterprise software provider’s stock worth $1,061,000 after purchasing an additional 139 shares during the last quarter. 42.33% of the stock is currently owned by institutional investors and hedge funds.

ORCL stock opened at $71.88 on Wednesday. The stock has a market capitalization of $191.79 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.22 and a beta of 0.87. The firm has a 50-day simple moving average of $78.09 and a 200-day simple moving average of $83.85. Oracle Co. has a 52 week low of $68.97 and a 52 week high of $106.34.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings data on Thursday, March 10th. The enterprise software provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.06). Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The business had revenue of $10.51 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts expect that Oracle Co. will post 4.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 21st. Shareholders of record on Friday, April 8th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $1.28 annualized dividend and a yield of 1.78%. Oracle’s payout ratio is 49.04%.

In other Oracle news, Director Renee Jo James sold 6,000 shares of the business’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $84.11, for a total value of $504,660.00. Following the transaction, the director now directly owns 41,886 shares in the company, valued at approximately $3,523,031.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.40% of the company’s stock.

Several equities analysts have issued reports on the stock. Cowen cut their price target on shares of Oracle from $115.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, March 9th. Jefferies Financial Group set a $80.00 price objective on shares of Oracle in a research note on Tuesday, March 15th. Piper Sandler downgraded shares of Oracle from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $100.00 to $70.00 in a research note on Friday, March 11th. Exane BNP Paribas upgraded shares of Oracle from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 29th. Finally, Wolfe Research lowered their price objective on shares of Oracle from $105.00 to $83.00 in a research note on Friday, March 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $93.09.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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