Crossmark Global Holdings Inc. Has $40.12 Million Stock Position in Oracle Co. (NYSE:ORCL)

Crossmark Global Holdings Inc. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 240,777 shares of the enterprise software provider’s stock after acquiring an additional 2,828 shares during the period. Oracle accounts for about 0.7% of Crossmark Global Holdings Inc.’s holdings, making the stock its 20th biggest holding. Crossmark Global Holdings Inc.’s holdings in Oracle were worth $40,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Pacer Advisors Inc. raised its position in shares of Oracle by 36.0% during the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock worth $20,856,000 after acquiring an additional 39,107 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Oracle by 6.9% during the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock valued at $13,527,000 after buying an additional 6,215 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Oracle by 3.1% during the second quarter. ProShare Advisors LLC now owns 355,652 shares of the enterprise software provider’s stock worth $50,218,000 after acquiring an additional 10,650 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Oracle by 3.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 41,745 shares of the enterprise software provider’s stock valued at $5,894,000 after acquiring an additional 1,377 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new position in Oracle during the 2nd quarter valued at about $103,000. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ORCL shares. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. DA Davidson increased their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

Shares of Oracle stock opened at $161.05 on Tuesday. The business’s fifty day simple moving average is $175.44 and its 200-day simple moving average is $161.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio (DPR) is presently 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.