Oak Ridge Investments LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Oak Ridge Investments LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2,255.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,754 shares of the enterprise software provider's stock after acquiring an additional 39,024 shares during the quarter. Oak Ridge Investments LLC's holdings in Oracle were worth $6,791,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock worth $351,890,000 after purchasing an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. State Street Corp grew its position 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 buying an additional 1,847,561 shares in the last quarter. Altshuler Shaham Ltd increased its stake in Oracle by 5,853.1% during the 2nd 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 raised its holdings in Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

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

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 for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the company earned $1.34 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle's dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

A number of research analysts recently commented on ORCL shares. Cantor Fitzgerald started coverage on Oracle in a research report on Friday. They issued an "overweight" rating and a $214.00 price target on the stock. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. JMP Securities reiterated a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt cut Oracle from a "neutral" rating to a "sell" rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.