Commonwealth Equity Services LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL – Free Report) by 7.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 534,893 shares of the enterprise software provider’s stock after purchasing an additional 35,426 shares during the period. Commonwealth Equity Services LLC’s holdings in Oracle were worth $63,700,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Bank Julius Baer & Co. Ltd Zurich grew its position in Oracle by 94,707.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,122,984,792 shares of the enterprise software provider’s stock valued at $133,736,259,000 after purchasing an additional 1,121,800,302 shares in the last quarter. Norges Bank bought a new stake in Oracle in the fourth quarter worth approximately $1,409,896,000. Moneta Group Investment Advisors LLC grew its position in Oracle by 112,785.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock worth $885,451,000 after acquiring an additional 10,822,934 shares in the last quarter. Putnam Investments LLC grew its position in Oracle by 50.0% in the first quarter. Putnam Investments LLC now owns 10,989,627 shares of the enterprise software provider’s stock worth $1,021,156,000 after acquiring an additional 3,664,269 shares in the last quarter. Finally, FMR LLC grew its position in Oracle by 12.2% in the first quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock worth $2,264,450,000 after acquiring an additional 2,644,377 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on ORCL shares. Berenberg Bank boosted their target price on shares of Oracle from $82.50 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, September 21st. Monness Crespi & Hardt downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, September 12th. DA Davidson decreased their price objective on shares of Oracle from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. DZ Bank raised shares of Oracle from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Thursday, September 14th. Finally, JPMorgan Chase & Co. downgraded shares of Oracle from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $100.00 in a report on Wednesday, September 13th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.23.
Oracle Price Performance
NYSE:ORCL traded up $0.69 during mid-day trading on Friday, reaching $115.36. 4,793,121 shares of the company were exchanged, compared to its average volume of 7,799,024. Oracle Co. has a 12 month low of $78.06 and a 12 month high of $127.54. The company has a fifty day moving average of $108.95 and a 200 day moving average of $111.52. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. The stock has a market cap of $316.01 billion, a PE ratio of 34.33, a PEG ratio of 2.92 and a beta of 1.03.
Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The firm had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’s revenue was up 8.8% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 4.48 EPS for the current fiscal year.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 47.62%.
In other news, Director George H. Conrades sold 2,325 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $111.97, for a total value of $260,330.25. Following the transaction, the director now owns 20,161 shares of the company’s stock, valued at approximately $2,257,427.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.80% of the company’s stock.
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.
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