Procyon Advisors LLC Buys 3,568 Shares of Oracle Co. (NYSE:ORCL)

Procyon Advisors LLC raised its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 95,004 shares of the enterprise software provider's stock after purchasing an additional 3,568 shares during the quarter. Oracle makes up approximately 1.0% of Procyon Advisors LLC's investment portfolio, making the stock its 21st largest holding. Procyon Advisors LLC's holdings in Oracle were worth $15,832,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State Street Corp increased its stake in Oracle by 2.7% in 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 grew its stake in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the last quarter. Franklin Resources Inc. raised its stake 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 worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Oracle by 1.8% in 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 acquiring an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC lifted its position in 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 valued at $2,489,345,000 after purchasing an additional 54,868 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ORCL. Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Mizuho increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. UBS Group boosted their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Citigroup boosted their price target on Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets boosted their price target on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $1.51 on Friday, hitting $161.05. 11,591,404 shares of the company were exchanged, compared to its average volume of 8,611,870. The company's 50 day moving average price is $176.00 and its two-hundred day moving average price is $161.21. The firm has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. 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.