Annex Advisory Services LLC Grows Position in Oracle Co. (NYSE:ORCL)

Annex Advisory Services LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 193,989 shares of the enterprise software provider’s stock after buying an additional 13,652 shares during the quarter. Oracle accounts for approximately 1.0% of Annex Advisory Services LLC’s holdings, making the stock its 23rd biggest position. Annex Advisory Services LLC’s holdings in Oracle were worth $32,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Oracle by 5.3% in 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 during the last quarter. RMR Wealth Builders lifted its holdings in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after acquiring an additional 5,675 shares during the period. Itau Unibanco Holding S.A. boosted its position in Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Oracle during the 3rd quarter valued at about $4,160,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

Shares of NYSE ORCL opened at $161.05 on Monday. The stock has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The business’s 50 day moving average is $175.44 and its two-hundred day moving average is $161.46. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. As a group, research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Tuesday, December 10th. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Finally, UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.