New York Life Investment Management LLC Has $23.97 Million Stake in Oracle Co. (NYSE:ORCL)

New York Life Investment Management LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 9.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 227,315 shares of the enterprise software provider’s stock after selling 24,833 shares during the period. New York Life Investment Management LLC’s holdings in Oracle were worth $23,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bison Wealth LLC boosted its position in shares of Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the period. MONECO Advisors LLC boosted its position in shares of Oracle by 1.1% in the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after acquiring an additional 94 shares during the period. Everhart Financial Group Inc. lifted its position in Oracle by 1.4% during the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 96 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its position in Oracle by 1.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after purchasing an additional 98 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in Oracle by 0.5% during the third quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after purchasing an additional 100 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.80% of the stock is currently owned by insiders.

Oracle Stock Performance

ORCL traded up $0.88 during midday trading on Wednesday, hitting $114.63. 5,581,506 shares of the company traded hands, compared to its average volume of 8,377,716. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market capitalization of $315.06 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The company’s 50-day moving average is $119.63 and its 200 day moving average is $113.25. Oracle Co. has a 52 week low of $93.85 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ORCL shares. KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Piper Sandler decreased their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.