Hunter Associates Investment Management LLC Increases Position in Oracle Co. (NYSE:ORCL)

Hunter Associates Investment Management LLC raised its position in Oracle Co. (NYSE:ORCLFree Report) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,692 shares of the enterprise software provider’s stock after buying an additional 454 shares during the period. Hunter Associates Investment Management LLC’s holdings in Oracle were worth $920,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. lifted its stake in Oracle by 3.0% in the 2nd quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock worth $14,365,308,000 after purchasing an additional 3,494,674 shares in the last quarter. State Street Corp lifted its stake in Oracle by 1.5% in the 2nd quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after purchasing an additional 928,013 shares in the last quarter. Geode Capital Management LLC lifted its stake in Oracle by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 29,109,414 shares of the enterprise software provider’s stock worth $3,456,828,000 after purchasing an additional 1,355,636 shares in the last quarter. Morgan Stanley raised its position in shares of Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Oracle by 3.4% during the 2nd quarter. Fisher Asset Management LLC now owns 18,537,261 shares of the enterprise software provider’s stock valued at $2,207,602,000 after buying an additional 614,945 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 16,300 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total value of $1,728,126.00. Following the completion of the sale, the director now directly owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ORCL. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. UBS Group reduced their price target on shares of Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, December 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Wolfe Research reduced their price target on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Finally, Evercore ISI reduced their price target on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Check Out Our Latest Report on ORCL

Oracle Stock Performance

Shares of ORCL stock opened at $116.88 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 18.84. The firm has a fifty day moving average price of $108.94 and a 200 day moving average price of $111.41. The company has a market cap of $321.29 billion, a P/E ratio of 32.22, a PEG ratio of 2.23 and a beta of 1.02. Oracle Co. has a 12 month low of $82.04 and a 12 month high of $127.54.

Oracle (NYSE:ORCLGet Free Report) last issued its earnings results on Monday, December 11th. The enterprise software provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $12.94 billion during the quarter, compared to the consensus estimate of $13.05 billion. Oracle had a net margin of 19.64% and a return on equity of 703.26%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Sell-side analysts predict that Oracle Co. will post 4.45 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s payout ratio is currently 44.20%.

Oracle Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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