Roundview Capital LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,224 shares of the enterprise software provider’s stock after purchasing an additional 834 shares during the period. Roundview Capital LLC’s holdings in Oracle were worth $687,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in ORCL. Panagora Asset Management Inc. lifted its holdings in shares of Oracle by 9.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 109,720 shares of the enterprise software provider’s stock worth $5,657,000 after acquiring an additional 9,272 shares during the last quarter. Annex Advisory Services LLC increased its stake in Oracle by 8.0% during the 3rd quarter. Annex Advisory Services LLC now owns 53,438 shares of the enterprise software provider’s stock worth $2,755,000 after buying an additional 3,964 shares during the period. Primecap Management Co. CA increased its stake in Oracle by 1.1% during the 3rd quarter. Primecap Management Co. CA now owns 8,219,617 shares of the enterprise software provider’s stock worth $423,803,000 after buying an additional 89,700 shares during the period. Honkamp Krueger Financial Services Inc. increased its stake in Oracle by 9.2% during the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 12,599 shares of the enterprise software provider’s stock worth $650,000 after buying an additional 1,059 shares during the period. Finally, Gardner Russo & Gardner LLC purchased a new stake in Oracle during the 3rd quarter worth approximately $206,000. Institutional investors own 47.34% of the company’s stock.
Several equities research analysts recently weighed in on the stock. DZ Bank reaffirmed a “sell” rating on shares of Oracle in a research note on Tuesday, March 19th. Exane BNP Paribas assumed coverage on shares of Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 target price on the stock. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. BNP Paribas assumed coverage on shares of Oracle in a research report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 price target on shares of Oracle in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and an average target price of $52.53.
Shares of NYSE:ORCL traded up $0.40 during trading on Friday, hitting $55.41. 6,978,701 shares of the company were exchanged, compared to its average volume of 14,123,085. The firm has a market capitalization of $227.43 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $55.53. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. As a group, analysts anticipate that Oracle Co. will post 3.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were given a dividend of $0.24 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, April 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. Oracle’s payout ratio is 34.04%.
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Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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