CORDA Investment Management LLC. Increases Position in Oracle Co. (NYSE:ORCL)

CORDA Investment Management LLC. grew its holdings in Oracle Co. (NYSE:ORCL) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,966 shares of the enterprise software provider’s stock after purchasing an additional 68 shares during the quarter. CORDA Investment Management LLC.’s holdings in Oracle were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after acquiring an additional 1,069 shares during the last quarter. RMR Wealth Builders raised its holdings in shares of Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after acquiring an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Oracle in the fourth quarter valued at about $1,800,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Down 4.5 %

NYSE ORCL opened at $164.71 on Friday. Oracle Co. has a 52 week low of $110.36 and a 52 week high of $198.31. The firm has a 50 day moving average of $169.00 and a two-hundred day moving average of $168.13. The stock has a market capitalization of $460.68 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $1.34 EPS. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Evercore ISI upped their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a research report on Monday, February 10th. Finally, KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.