Borer Denton & Associates Inc. Has $9.85 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Borer Denton & Associates Inc. grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,124 shares of the enterprise software provider's stock after purchasing an additional 2,290 shares during the period. Oracle accounts for 3.4% of Borer Denton & Associates Inc.'s portfolio, making the stock its 9th biggest position. Borer Denton & Associates Inc.'s holdings in Oracle were worth $9,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new position in shares of Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% during the fourth 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 last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 3.8 %

Shares of NYSE ORCL traded down $5.47 during mid-day trading on Friday, reaching $140.31. The company had a trading volume of 8,401,919 shares, compared to its average volume of 8,936,240. The stock has a fifty day moving average of $164.35 and a two-hundred day moving average of $170.11. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a market capitalization of $392.45 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Remove Ads

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

Oracle Increases Dividend

The company also recently declared 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 represents a $2.00 annualized dividend and a dividend yield of 1.43%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle's payout ratio is currently 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. BNP Paribas raised Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Morgan Stanley cut their price objective on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Citigroup decreased their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. KeyCorp restated an "overweight" rating and set a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle has an average 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.