Donoghue Forlines LLC Acquires New Shares in Oracle Co. (NYSE:ORCL)

Donoghue Forlines LLC purchased a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,964 shares of the enterprise software provider's stock, valued at approximately $1,994,000.

Several other large investors have also modified their holdings of ORCL. Thrivent Financial for Lutherans boosted its position in shares of Oracle by 6.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider's stock worth $13,527,000 after purchasing an additional 6,215 shares during the period. Interval Partners LP purchased a new position in shares of Oracle during the second quarter worth $819,000. Clear Point Advisors Inc. grew its stake in shares of Oracle by 43.4% in the second quarter. Clear Point Advisors Inc. now owns 558 shares of the enterprise software provider's stock valued at $79,000 after buying an additional 169 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Oracle by 1.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 12,306 shares of the enterprise software provider's stock valued at $1,738,000 after buying an additional 159 shares during the period. Finally, Zurich Insurance Group Ltd FI lifted its stake in Oracle by 19.7% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 1,252,122 shares of the enterprise software provider's stock worth $176,800,000 after acquiring an additional 205,817 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. KeyCorp lifted their target price on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. JMP Securities reissued a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday. DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Up 1.0 %

ORCL traded up $1.86 during trading on Thursday, hitting $186.08. The company had a trading volume of 17,288,570 shares, compared to its average volume of 13,592,791. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $520.44 billion, a PE ratio of 45.50, a P/E/G ratio of 3.39 and a beta of 1.06. The business has a 50-day moving average of $174.43 and a 200-day moving average of $162.05.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio is presently 39.12%.

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.