Marco Investment Management LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Marco Investment Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,394 shares of the enterprise software provider's stock after purchasing an additional 7,635 shares during the quarter. Oracle makes up approximately 1.7% of Marco Investment Management LLC's holdings, making the stock its 16th biggest position. Marco Investment Management LLC's holdings in Oracle were worth $20,174,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. PineStone Asset Management Inc. increased its stake in shares of Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock worth $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock valued at $532,920,000 after purchasing an additional 2,093,893 shares during the period. International Assets Investment Management LLC lifted its stake 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 buying an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd boosted its holdings in 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 worth $219,224,000 after buying an additional 1,526,500 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 0.1 %

NYSE ORCL traded down $0.14 during trading on Friday, hitting $192.29. The stock had a trading volume of 6,879,447 shares, compared to its average volume of 6,824,324. The stock has a market capitalization of $532.85 billion, a price-to-earnings ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02. The stock has a 50 day simple moving average of $175.62 and a 200 day simple moving average of $149.64. Oracle Co. has a one year low of $99.26 and a one year high of $196.04. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analysts' expectations of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 EPS. Oracle's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's payout ratio is presently 41.24%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Oracle from $135.00 to $155.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th. DA Davidson upped their price target on Oracle from $105.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 10th. Finally, Barclays lifted their price target on shares of Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

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.