UMB Bank n.a. Grows Holdings in Oracle Co. (NYSE:ORCL)

UMB Bank n.a. raised its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 49.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,857 shares of the enterprise software provider's stock after purchasing an additional 70,844 shares during the period. UMB Bank n.a.'s holdings in Oracle were worth $35,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. boosted its position in 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. Fisher Asset Management LLC grew its stake in shares of Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock worth $3,049,824,000 after buying an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock worth $2,489,345,000 after buying an additional 54,868 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ORCL. Sanford C. Bernstein raised their price objective on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Monness Crespi & Hardt lowered Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. UBS Group upped their price objective on Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Piper Sandler lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Finally, JMP Securities restated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Stock Up 0.9 %

ORCL stock traded up $1.51 during trading on Monday, reaching $161.05. 11,593,649 shares of the stock were exchanged, compared to its average volume of 5,912,798. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The firm's 50 day moving average is $175.44 and its 200 day moving average is $161.58. The company has a current ratio of 0.81, a quick 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 announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 EPS. As a group, research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

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

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.