one8zero8 LLC Takes $1.84 Million Position in Oracle Co. (NYSE:ORCL)

one8zero8 LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,026 shares of the enterprise software provider’s stock, valued at approximately $1,837,000.

Several other large investors have also bought and sold shares of ORCL. Raymond James Financial Inc. bought a new position in Oracle during the 4th quarter worth $930,095,000. Franklin Resources Inc. grew its holdings in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp grew its holdings in Oracle by 2.7% during 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 period. Amundi grew its holdings in Oracle by 15.2% during the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock worth $2,012,943,000 after acquiring an additional 1,623,609 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in Oracle by 3,805.0% during the 4th quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after acquiring an additional 941,819 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

NYSE ORCL opened at $149.36 on Friday. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. 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 firm has a market cap of $417.76 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07. The company has a fifty day moving average price of $165.80 and a 200-day moving average price of $169.63.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Barclays decreased their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. DA Davidson reiterated a “neutral” rating and set a $150.00 price target on shares of Oracle in a report on Tuesday, March 11th. Morgan Stanley decreased their price target on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Finally, Guggenheim restated a “buy” rating and issued a $220.00 target price on shares of Oracle in a research note on Wednesday, March 5th. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

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.