Everett Harris & Co. CA Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Everett Harris & Co. CA grew its holdings in Oracle Co. (NYSE:ORCL) by 54.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,732 shares of the enterprise software provider’s stock after acquiring an additional 3,063 shares during the quarter. Everett Harris & Co. CA’s holdings in Oracle were worth $1,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Principal Financial Group Inc. grew its position in shares of 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. RMR Wealth Builders boosted its stake in shares of Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after buying an additional 32,718 shares during the period. Chase Investment Counsel Corp purchased a new stake in Oracle during the third quarter worth $4,160,000. Finally, Crews Bank & Trust bought a new stake in Oracle during the 4th quarter valued at $1,800,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

NYSE:ORCL opened at $169.91 on Friday. 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 company has a 50 day moving average price of $172.34 and a 200-day moving average price of $163.08. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a market cap of $475.24 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 3.19 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company 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 of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s payout ratio is currently 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

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.