Wellington Management Group LLP Grows Stock Position in Oracle Co. (NYSE:ORCL)

Wellington Management Group LLP boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 27.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,424 shares of the enterprise software provider's stock after purchasing an additional 12,302 shares during the quarter. Wellington Management Group LLP's holdings in Oracle were worth $9,785,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ORCL. Wexford Capital LP acquired a new stake in Oracle in the 3rd quarter valued at $328,000. Temasek Holdings Private Ltd acquired a new stake in shares of Oracle in the third quarter valued at about $17,918,000. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Oracle by 2.6% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 69,193 shares of the enterprise software provider's stock worth $11,791,000 after purchasing an additional 1,742 shares in the last quarter. Soros Fund Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth about $16,763,000. Finally, State Street Corp lifted 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 valued at $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Stifel Nicolaus lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $183.63.

Oracle Trading Down 1.3 %

NYSE ORCL traded down $2.17 on Monday, reaching $171.22. The stock had a trading volume of 9,565,517 shares, compared to its average volume of 8,406,860. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a fifty day moving average price of $180.44 and a two-hundred day moving average price of $156.54. Oracle Co. has a 12-month low of $101.74 and a 12-month high of $198.31. The firm has a market capitalization of $478.90 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 3.39 and a beta of 1.03.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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 net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. Oracle's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle's payout ratio is 39.12%.

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.