Mitchell Capital Management Co. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,052 shares of the enterprise software provider’s stock after purchasing an additional 1,336 shares during the period. Mitchell Capital Management Co.’s holdings in Oracle were worth $996,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of ORCL. Oregon Public Employees Retirement Fund increased its stake in shares of Oracle by 4,197.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,616,969 shares of the enterprise software provider’s stock worth $302,000 after purchasing an additional 13,300,077 shares during the last quarter. Matthew Goff Investment Advisor LLC increased its stake in shares of Oracle by 4,306.0% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 5,431,102 shares of the enterprise software provider’s stock worth $123,266,000 after purchasing an additional 5,307,836 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 13.1% during the 3rd quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock worth $1,512,636,000 after purchasing an additional 3,393,152 shares during the last quarter. Morgan Stanley increased its stake in shares of Oracle by 20.1% during the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock worth $1,029,110,000 after purchasing an additional 3,340,653 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its stake in shares of Oracle by 11.3% during the 3rd quarter. Magellan Asset Management Ltd now owns 30,787,975 shares of the enterprise software provider’s stock worth $1,587,428,000 after purchasing an additional 3,124,391 shares during the last quarter. Institutional investors own 46.80% of the company’s stock.
Shares of NYSE:ORCL opened at $52.94 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66. Oracle Co. has a one year low of $42.40 and a one year high of $53.47. The firm has a market capitalization of $219.15 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.75 and a beta of 1.08.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the firm earned $0.83 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 3.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.81%. This is an increase from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $46.42, for a total value of $174,075.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,298,320.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 6,302 shares of the firm’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $43.24, for a total transaction of $272,498.48. Following the completion of the transaction, the executive vice president now directly owns 77,919 shares of the company’s stock, valued at $3,369,217.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,552 shares of company stock valued at $1,945,486. Insiders own 32.00% of the company’s stock.
Several equities research analysts have recently issued reports on ORCL shares. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Mitsubishi UFJ Financial Group raised their price objective on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley downgraded shares of Oracle from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $57.00 to $53.00 in a report on Tuesday, January 15th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Oracle in a report on Thursday, February 14th. Finally, Standpoint Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the stock. Oracle currently has an average rating of “Hold” and an average target price of $52.77.
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Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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