Ameritas Advisory Services LLC Purchases 6,732 Shares of Oracle Co. (NYSE:ORCL)

Ameritas Advisory Services LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,256 shares of the enterprise software provider's stock after buying an additional 6,732 shares during the quarter. Ameritas Advisory Services LLC's holdings in Oracle were worth $4,875,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock worth $351,890,000 after buying an additional 2,052,275 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp grew its position in shares of Oracle by 2.7% in 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 purchasing an additional 1,847,561 shares in the last quarter. Altshuler Shaham Ltd raised its stake in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock valued at $219,224,000 after purchasing an additional 1,526,500 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock worth $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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORCL. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of Oracle in a report on Friday. They issued an "overweight" rating and a $214.00 price target on the stock. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com raised Oracle from a "hold" rating to a "buy" rating in a report on Thursday. Finally, UBS Group increased their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Up 0.9 %

ORCL traded up $1.51 on Friday, hitting $161.05. The company had a trading volume of 11,593,649 shares, compared to its average volume of 5,912,798. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. 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 stock has a fifty day simple moving average of $175.44 and a 200-day simple moving average of $161.46. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. Oracle's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle's dividend payout ratio (DPR) 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.