West Oak Capital LLC Has $2.97 Million Stock Position in Oracle Co. (NYSE:ORCL)

West Oak Capital LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,855 shares of the enterprise software provider’s stock after selling 795 shares during the period. Oracle makes up about 1.4% of West Oak Capital LLC’s portfolio, making the stock its 17th largest position. West Oak Capital LLC’s holdings in Oracle were worth $2,969,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ORCL. Norges Bank bought a new position in Oracle in the fourth quarter valued at about $1,409,896,000. Moneta Group Investment Advisors LLC boosted its stake in shares of Oracle by 112,785.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after purchasing an additional 10,822,934 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Oracle by 3.0% during the 2nd quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock worth $14,365,308,000 after buying an additional 3,494,674 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ORCL. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. UBS Group cut their target price on Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. Morgan Stanley cut their target price on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, Evercore ISI cut their target price on Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Oracle stock traded up $0.40 during mid-day trading on Thursday, reaching $125.67. 1,330,082 shares of the stock traded hands, compared to its average volume of 9,127,419. The stock has a market capitalization of $345.40 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 12-month low of $89.71 and a 12-month high of $132.77. The business’s 50-day moving average is $116.00 and its 200-day moving average is $111.37.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Oracle 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.