OLD National Bancorp IN Purchases 3,450 Shares of Oracle Co. (NYSE:ORCL)

OLD National Bancorp IN lifted its position in shares of Oracle Co. (NYSE:ORCL) by 13.4% in the 4th quarter, Holdings Channel reports. The fund owned 29,212 shares of the enterprise software provider’s stock after buying an additional 3,450 shares during the quarter. OLD National Bancorp IN’s holdings in Oracle were worth $4,868,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle in the third quarter worth $44,000. Synergy Asset Management LLC purchased a new position in shares of Oracle in the fourth quarter valued at $47,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle during the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL opened at $170.41 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The stock’s 50 day simple moving average is $172.79 and its 200 day simple moving average is $163.03. The firm has a market cap of $476.62 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 3.19 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 earnings per share. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s dividend payout ratio is currently 39.12%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

About Oracle

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.