Maytree Asset Management Ltd Takes $850,000 Position in Oracle Co. (NYSE:ORCL)

Maytree Asset Management Ltd acquired a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,100 shares of the enterprise software provider’s stock, valued at approximately $850,000. Oracle accounts for about 1.9% of Maytree Asset Management Ltd’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. International Assets Investment Management LLC boosted its stake in shares of Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after purchasing an additional 2,052,275 shares during the period. Franklin Resources Inc. boosted 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 valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp boosted its stake in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Jennison Associates LLC boosted its stake in shares of Oracle by 279.7% in the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after purchasing an additional 891,842 shares during the period. Finally, Geode Capital Management LLC lifted its stake in 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. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Morgan Stanley lifted their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. DA Davidson lifted their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Mizuho lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were 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 in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL opened at $181.51 on Thursday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $507.68 billion, a P/E ratio of 44.38, a P/E/G ratio of 3.54 and a beta of 1.05. The company’s fifty day moving average is $169.09 and its two-hundred day moving average is $166.67. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced 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). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio is currently 39.12%.

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.