UniSuper Management Pty Ltd Has $86.87 Million Stock Position in Oracle Co. (NYSE:ORCL)

UniSuper Management Pty Ltd lifted its stake in Oracle Co. (NYSE:ORCL) by 19.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 521,310 shares of the enterprise software provider’s stock after acquiring an additional 85,246 shares during the period. Oracle accounts for about 0.6% of UniSuper Management Pty Ltd’s investment portfolio, making the stock its 26th largest position. UniSuper Management Pty Ltd’s holdings in Oracle were worth $86,871,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Oracle by 5.3% during the 3rd 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 holdings in shares of Oracle by 201.7% in the fourth 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 in the last quarter. RMR Wealth Builders raised its holdings in 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 buying an additional 5,675 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Oracle in the fourth quarter valued at about $1,800,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $147.71 on Thursday. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The firm has a 50 day moving average of $164.62 and a 200 day moving average of $170.28. The firm has a market capitalization of $413.15 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 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 company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the firm posted $1.41 EPS. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.35%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Morgan Stanley dropped their target price on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Thirteen 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, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $179.20.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 42.20% of the stock is owned by corporate insiders.

Oracle 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.