Grove Bank & Trust Boosts Position in Oracle Co. (NYSE:ORCL)

Grove Bank & Trust boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,318 shares of the enterprise software provider's stock after buying an additional 7,327 shares during the period. Grove Bank & Trust's holdings in Oracle were worth $4,719,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. RMR Wealth Builders boosted its holdings in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock worth $1,192,000 after buying an additional 5,675 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after buying an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in Oracle in the third quarter worth about $4,160,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after acquiring an additional 126,985 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JMP Securities reiterated a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Finally, Citigroup raised their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

Shares of ORCL stock traded up $1.51 on Friday, hitting $161.05. 11,593,649 shares of the company's stock traded hands, compared to its average volume of 5,912,798. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. The company's fifty day simple moving average is $175.44 and its 200 day simple moving average is $161.46. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the firm posted $1.34 EPS. The company's revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's payout ratio is 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.