GAM Holding AG Has $32.10 Million Stake in Oracle Co. (NYSE:ORCL)

GAM Holding AG reduced its stake in Oracle Co. (NYSE:ORCL) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,642 shares of the enterprise software provider’s stock after selling 19,737 shares during the quarter. Oracle comprises approximately 2.4% of GAM Holding AG’s portfolio, making the stock its 8th biggest holding. GAM Holding AG’s holdings in Oracle were worth $32,102,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Oracle by 2.7% during 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. Geode Capital Management LLC lifted its holdings in shares of 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 worth $5,977,015,000 after acquiring an additional 885,041 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Oracle by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after purchasing an additional 54,868 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORCL. Morgan Stanley raised their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. BMO Capital Markets raised their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Down 0.2 %

Shares of ORCL stock opened at $173.50 on Tuesday. The company has a market capitalization of $485.27 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $169.33 and its 200-day moving average price is $165.99. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL) last released its 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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

About Oracle

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.