Larson Financial Group LLC Buys 174 Shares of Oracle Co. (NYSE:ORCL)

Larson Financial Group LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 5,009 shares of the enterprise software provider’s stock after purchasing an additional 174 shares during the quarter. Larson Financial Group LLC’s holdings in Oracle were worth $835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Oracle in the 4th quarter worth approximately $930,095,000. Franklin Resources Inc. raised its holdings in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. State Street Corp lifted its position in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares during the period. Proficio Capital Partners LLC lifted its position in Oracle by 3,805.0% during the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock valued at $161,069,000 after buying an additional 941,819 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Oracle by 279.7% in the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after buying an additional 891,842 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a research note on Monday, February 10th. Guggenheim reiterated a “buy” rating and set a $220.00 price objective on shares of Oracle in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 3.3 %

Shares of NYSE:ORCL opened at $155.89 on Monday. The stock’s 50-day simple moving average is $167.63 and its two-hundred day simple moving average is $169.51. The stock has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52-week low of $111.18 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

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.