NEOS Investment Management LLC Raises Position in Oracle Co. (NYSE:ORCL)

NEOS Investment Management LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,090 shares of the enterprise software provider’s stock after buying an additional 10,772 shares during the quarter. NEOS Investment Management LLC’s holdings in Oracle were worth $14,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. State Street Corp grew its stake in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock valued at $2,998,798,000 after buying an additional 97,635 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL opened at $147.71 on Thursday. The stock’s 50 day moving average price is $164.62 and its 200-day moving average price is $170.28. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The stock has a market capitalization of $413.15 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.35%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. Stephens initiated coverage on Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price on the stock. Evercore ISI reduced their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. DA Davidson reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Finally, BMO Capital Markets decreased their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Insider Buying and Selling at Oracle

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