CX Institutional Has $2.56 Million Position in Oracle Co. (NYSE:ORCL)

CX Institutional grew its stake in shares of Oracle Co. (NYSE:ORCL) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,377 shares of the enterprise software provider’s stock after acquiring an additional 547 shares during the quarter. CX Institutional’s holdings in Oracle were worth $2,562,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Activest Wealth Management increased its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC boosted its position in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares during the last quarter. Cadence Bank boosted its holdings in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after buying an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC lifted its position in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after buying an additional 64 shares in the last quarter. Finally, W Advisors LLC boosted its position in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL stock opened at $183.59 on Friday. The business’s 50 day moving average is $174.41 and its two-hundred day moving average is $162.22. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a market capitalization of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released 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 analysts’ expectations of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup upped their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.