Meitav Investment House Ltd. Acquires New Holdings in Oracle Co. (NYSE:ORCL)

Meitav Investment House Ltd. acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,405 shares of the enterprise software provider's stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC boosted its holdings in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. State Street Corp raised its position in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Jennison Associates LLC raised its position in shares of Oracle by 279.7% during the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider's stock valued at $201,759,000 after buying an additional 891,842 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Down 4.6 %

ORCL stock traded down $8.08 during mid-day trading on Friday, reaching $167.92. The company had a trading volume of 9,693,812 shares, compared to its average volume of 12,127,484. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $469.66 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The firm has a fifty day simple moving average of $169.10 and a 200 day simple moving average of $166.74. Oracle Co. has a fifty-two week low of $109.66 and a fifty-two week high of $198.31.

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 for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the business posted $1.34 EPS. Oracle's revenue was up 8.6% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle's dividend payout ratio (DPR) is 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on ORCL shares. Guggenheim lifted their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday. DA Davidson lifted their price objective on Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price for the company. in a report on Friday, December 20th. Finally, Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

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.