Pine Haven Investment Counsel Inc Grows Position in Oracle Co. (NYSE:ORCL)

Pine Haven Investment Counsel Inc raised its position in Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,860 shares of the enterprise software provider’s stock after buying an additional 155 shares during the quarter. Oracle makes up approximately 1.6% of Pine Haven Investment Counsel Inc’s portfolio, making the stock its 14th biggest position. Pine Haven Investment Counsel Inc’s holdings in Oracle were worth $1,976,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. AE Wealth Management LLC lifted its position in Oracle by 97.7% during the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock worth $7,912,000 after acquiring an additional 27,685 shares during the period. Pacer Advisors Inc. lifted its holdings 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 purchasing an additional 39,107 shares during the period. Thrivent Financial for Lutherans grew its position in Oracle by 6.9% in the 2nd 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. Summit Trail Advisors LLC increased its stake in Oracle by 30.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider’s stock valued at $2,160,000 after buying an additional 3,554 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Oracle by 1.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,325,265 shares of the enterprise software provider’s stock worth $469,527,000 after buying an additional 53,809 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. UBS Group boosted their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Tuesday, December 10th. One research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $161.05 on Monday. The business has a 50-day moving average of $175.44 and a two-hundred day moving average of $161.46. The firm has a market capitalization of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. 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 Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company posted $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Oracle 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.