Geode Capital Management LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Geode Capital Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,814,302 shares of the enterprise software provider's stock after purchasing an additional 619,619 shares during the quarter. Oracle accounts for about 0.5% of Geode Capital Management LLC's investment portfolio, making the stock its 27th biggest position. Geode Capital Management LLC owned about 1.28% of Oracle worth $5,954,961,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Second Line Capital LLC increased its stake in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock valued at $650,000 after acquiring an additional 58 shares during the last quarter. Requisite Capital Management LLC boosted its holdings in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. McLean Asset Management Corp raised its holdings in shares of Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after buying an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC lifted its position in shares of Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Oracle Stock Up 2.8 %

NYSE:ORCL traded up $4.02 on Wednesday, hitting $145.96. The stock had a trading volume of 11,539,620 shares, compared to its average volume of 9,021,120. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The business's fifty day moving average is $162.91 and its 200 day moving average is $170.02. The company has a market cap of $408.24 billion, a PE ratio of 35.69, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 EPS. On average, equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. Oracle's dividend payout ratio is 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on ORCL. Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. JMP Securities reiterated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lowered their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.65.

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.