Oracle Co. (NYSE:ORCL) Holdings Decreased by River Global Investors LLP

River Global Investors LLP cut its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,626 shares of the enterprise software provider's stock after selling 4,878 shares during the quarter. River Global Investors LLP's holdings in Oracle were worth $1,105,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC purchased a new position in Oracle in the 4th quarter valued at about $34,000. TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter worth about $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 3.3 %

NYSE:ORCL traded up $4.95 during trading hours on Friday, hitting $155.89. The stock had a trading volume of 12,628,662 shares, compared to its average volume of 11,632,912. Oracle Co. has a 1-year low of $111.18 and a 1-year high of $198.31. 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 company has a market cap of $436.01 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business has a 50 day simple moving average of $167.63 and a two-hundred day simple moving average of $169.30.

Remove Ads

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 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 period in the previous year, the business posted $1.34 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ORCL shares. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a report on Tuesday, December 10th. Evercore ISI increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Morgan Stanley increased their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by corporate insiders.

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.