Border to Coast Pensions Partnership Ltd Grows Stock Position in Oracle Co. (NYSE:ORCL)

Border to Coast Pensions Partnership Ltd increased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,149 shares of the enterprise software provider's stock after purchasing an additional 25,613 shares during the period. Oracle makes up 1.5% of Border to Coast Pensions Partnership Ltd's portfolio, making the stock its 16th biggest position. Border to Coast Pensions Partnership Ltd's holdings in Oracle were worth $76,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Activest Wealth Management boosted its stake in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC grew its stake in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after purchasing an additional 58 shares during the last quarter. Cadence Bank grew its position in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after buying an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC increased its position in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock valued at $3,003,000 after purchasing an additional 64 shares during the period. Finally, W Advisors LLC increased its position in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock valued at $368,000 after buying an additional 64 shares during the period. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald started coverage on shares of Oracle in a research note on Friday. They set an "overweight" rating and a $214.00 target price for the company. StockNews.com raised shares of Oracle from a "hold" rating to a "buy" rating in a report on Thursday. Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Finally, UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

Shares of NYSE ORCL traded up $1.51 during trading hours on Friday, reaching $161.05. The stock had a trading volume of 11,591,404 shares, compared to its average volume of 8,611,870. 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 business's fifty day moving average price is $176.00 and its two-hundred day moving average price is $161.21. The firm has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company posted $1.34 EPS. Oracle's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date 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 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.