Korea Investment CORP Has $208.85 Million Stake in Oracle Co. (NYSE:ORCL)

Korea Investment CORP increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,253,272 shares of the enterprise software provider's stock after purchasing an additional 32,160 shares during the quarter. Oracle accounts for about 0.5% of Korea Investment CORP's investment portfolio, making the stock its 28th largest holding. Korea Investment CORP's holdings in Oracle were worth $208,845,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Oracle by 5.3% in 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 acquiring an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after purchasing an additional 1,069 shares in the last quarter. RMR Wealth Builders grew its position in shares of Oracle by 383.4% during the fourth 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 in the last quarter. Foundations Investment Advisors LLC grew its position in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after buying an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in Oracle in the fourth quarter valued at $1,800,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley decreased their price target on Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Stephens initiated coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $179.20.

Oracle Trading Down 3.5 %

Shares of NYSE:ORCL traded down $5.03 during mid-day trading on Friday, hitting $140.75. The stock had a trading volume of 13,138,087 shares, compared to its average volume of 8,963,386. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. 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 company has a market cap of $393.67 billion, a PE ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. The company's 50 day moving average is $163.94 and its 200-day moving average is $170.22.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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). The business had revenue of $14.13 billion during 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 period last year, the business earned $1.41 EPS. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. 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 dividend on an annualized basis and a yield of 1.42%. Oracle's payout ratio is presently 46.95%.

Insider Buying and Selling at Oracle

In other 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 completion of the sale, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 42.20% of the company's stock.

Oracle 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.