Charles Schwab Trust Co Has $1.71 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Charles Schwab Trust Co raised its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,247 shares of the enterprise software provider's stock after purchasing an additional 2,264 shares during the quarter. Charles Schwab Trust Co's holdings in Oracle were worth $1,708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. International Assets Investment Management LLC lifted its position 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 worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp lifted its holdings 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 purchasing an additional 1,847,561 shares during the last quarter. Altshuler Shaham Ltd boosted its position in shares of Oracle by 5,853.1% in 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 increased its stake in Oracle by 2.6% in 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 Analysts Forecast Growth

Several brokerages have commented on ORCL. Citigroup raised their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on Oracle in a report on Friday. They issued an "overweight" rating and a $214.00 target price for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Finally, Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $182.73.

Oracle Price Performance

Shares of Oracle stock traded up $11.79 during mid-day trading on Tuesday, reaching $172.82. 29,478,549 shares of the stock were exchanged, compared to its average volume of 10,327,390. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a market cap of $483.37 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The firm has a 50-day simple moving average of $174.87 and a 200 day simple moving average of $161.70. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. On average, sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed 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 0.93%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is currently 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.