Annex Advisory Services LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,989 shares of the enterprise software provider’s stock after purchasing an additional 13,652 shares during the quarter. Oracle comprises approximately 1.0% of Annex Advisory Services LLC’s portfolio, making the stock its 23rd biggest holding. Annex Advisory Services LLC’s holdings in Oracle were worth $32,326,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC increased its position in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after buying an additional 885,041 shares during the period. Franklin Resources Inc. lifted its holdings in shares of 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 buying an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after acquiring an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after acquiring an additional 54,868 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on ORCL. Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Citigroup raised their price target on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald initiated coverage on shares of Oracle in a research report on Friday. They issued an “overweight” rating and a $214.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.
Oracle Trading Up 0.9 %
NYSE ORCL opened at $161.05 on Monday. The stock has a market cap of $450.44 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The stock has a 50 day simple moving average of $175.44 and a two-hundred day simple moving average of $161.46. 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 – Get Free Report) last released 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm earned $1.34 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.
Oracle Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.
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.
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