Oracle Co. (NYSE:ORCL) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its position in Oracle Co. (NYSE:ORCL - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 240,777 shares of the enterprise software provider's stock after purchasing an additional 2,828 shares during the period. Oracle makes up 0.7% of Crossmark Global Holdings Inc.'s holdings, making the stock its 20th largest position. Crossmark Global Holdings Inc.'s holdings in Oracle were worth $40,123,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the period. Franklin Resources Inc. grew its holdings in 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 acquiring an additional 1,917,416 shares during the period. State Street Corp grew its holdings in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Altshuler Shaham Ltd grew its holdings in Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock worth $219,224,000 after acquiring an additional 1,526,500 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 7.3 %

ORCL stock traded up $11.79 during midday trading on Tuesday, hitting $172.82. 29,478,549 shares of the company's stock were exchanged, compared to its average volume of 10,327,390. The business has a 50-day simple moving average of $174.87 and a two-hundred 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. The stock has a market capitalization of $483.37 billion, a PE ratio of 42.25, a P/E/G ratio of 3.16 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business 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%. Oracle's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $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 firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid 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 yield of 0.93%. Oracle's dividend payout ratio (DPR) is 39.12%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Oracle in a report on Friday. They set an "overweight" rating and a $214.00 target price on the stock. Stifel Nicolaus increased their price target on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. DA Davidson increased their price target on Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. JMP Securities reiterated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. 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 presently has an average rating of "Moderate Buy" and an average price target of $182.73.

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.