Oracle Co. (NYSE:ORCL) Position Lifted by TrueMark Investments LLC

TrueMark Investments LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 101.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,603 shares of the enterprise software provider's stock after purchasing an additional 17,426 shares during the period. Oracle comprises approximately 1.8% of TrueMark Investments LLC's investment portfolio, making the stock its 5th biggest position. TrueMark Investments LLC's holdings in Oracle were worth $5,766,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. State Street Corp grew its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC increased its position 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 during the period. Franklin Resources Inc. lifted its holdings in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after buying an additional 97,635 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

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Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of Oracle stock traded down $5.73 during trading on Friday, hitting $140.05. 8,103,668 shares of the stock traded hands, compared to its average volume of 8,934,752. The stock has a market cap of $391.72 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 3.46 and a beta of 1.07. The firm's fifty day moving average is $164.35 and its 200-day moving average is $170.11. 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.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the business earned $1.41 EPS. Oracle's revenue was up 6.4% on a year-over-year basis. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Oracle in a research note on Wednesday, March 5th. Bank of America cut their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. KeyCorp reissued an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Finally, JMP Securities reissued a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $179.20.

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.