Artemis Investment Management LLP Has $96.62 Million Stock Position in Oracle Co. (NYSE:ORCL)

Artemis Investment Management LLP increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 579,797 shares of the enterprise software provider’s stock after purchasing an additional 294 shares during the period. Oracle accounts for approximately 1.4% of Artemis Investment Management LLP’s holdings, making the stock its 15th largest position. Artemis Investment Management LLP’s holdings in Oracle were worth $96,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Oak Ridge Investments LLC boosted its position in Oracle by 2,255.7% during the fourth quarter. Oak Ridge Investments LLC now owns 40,754 shares of the enterprise software provider’s stock worth $6,791,000 after purchasing an additional 39,024 shares during the period. HF Advisory Group LLC boosted its holdings in shares of Oracle by 2.6% during the 4th quarter. HF Advisory Group LLC now owns 15,104 shares of the enterprise software provider’s stock worth $2,517,000 after buying an additional 386 shares during the period. BNC Wealth Management LLC boosted its holdings in shares of Oracle by 3.2% during the 4th quarter. BNC Wealth Management LLC now owns 30,475 shares of the enterprise software provider’s stock worth $5,078,000 after buying an additional 939 shares during the period. Sandy Cove Advisors LLC grew its stake in Oracle by 5.2% in the 4th quarter. Sandy Cove Advisors LLC now owns 2,612 shares of the enterprise software provider’s stock valued at $435,000 after buying an additional 128 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC raised its holdings in Oracle by 7.5% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 18,666 shares of the enterprise software provider’s stock valued at $3,111,000 after acquiring an additional 1,306 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $161.05 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm has a 50 day moving average of $175.44 and a 200-day moving average of $161.34. The company has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted 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 during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

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. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on Oracle in a research report on Friday. They set an “overweight” rating and a $214.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.