Blair William & Co. IL Has $103.63 Million Stock Position in Oracle Co. (NYSE:ORCL)

Blair William & Co. IL grew its stake in Oracle Co. (NYSE:ORCL - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 621,859 shares of the enterprise software provider's stock after purchasing an additional 68,804 shares during the quarter. Blair William & Co. IL's holdings in Oracle were worth $103,627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. R Squared Ltd bought a new position in Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. grew its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at $47,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of ORCL traded down $5.03 during midday trading on Friday, reaching $140.75. 13,138,087 shares of the stock were exchanged, compared to its average volume of 8,963,386. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock's 50 day simple moving average is $163.94 and its 200 day simple moving average is $170.22. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a market cap of $393.67 billion, a P/E ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.07.

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Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio is 46.95%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. JMP Securities reiterated a "market outperform" rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. UBS Group reiterated a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Barclays cut their price target on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their price objective on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Finally, Citigroup dropped their price objective on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $179.20.

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.