Oracle Co. (NYSE:ORCL) is Caledonia Investments PLC’s Largest Position

Caledonia Investments PLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 12.1% in the 4th quarter, Holdings Channel reports. The fund owned 667,100 shares of the enterprise software provider’s stock after selling 92,000 shares during the quarter. Oracle accounts for approximately 13.3% of Caledonia Investments PLC’s holdings, making the stock its largest position. Caledonia Investments PLC’s holdings in Oracle were worth $111,199,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC raised its holdings in shares of Oracle by 16.7% in the 4th quarter. Fortitude Family Office LLC now owns 1,036 shares of the enterprise software provider’s stock valued at $173,000 after acquiring an additional 148 shares in the last quarter. Legacy Private Trust Co. bought a new stake in Oracle in the fourth quarter worth $278,000. First Hawaiian Bank boosted its holdings in Oracle by 5.3% during the 4th quarter. First Hawaiian Bank now owns 43,417 shares of the enterprise software provider’s stock valued at $7,235,000 after acquiring an additional 2,167 shares during the period. Farmers Trust Co. boosted its stake in shares of Oracle by 25.6% during the fourth quarter. Farmers Trust Co. now owns 24,456 shares of the enterprise software provider’s stock valued at $4,075,000 after purchasing an additional 4,992 shares during the period. Finally, InvesTrust bought a new stake in Oracle in the 4th quarter worth $8,667,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ORCL. Citigroup upped their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Guggenheim upped their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Finally, Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Stock Up 0.7 %

Shares of NYSE:ORCL opened at $163.13 on Friday. The company has a market capitalization of $456.27 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 12-month low of $102.72 and a 12-month high of $198.31. The business has a 50-day moving average price of $177.93 and a 200 day moving average price of $160.63. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. Oracle’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Oracle’s dividend payout ratio is currently 39.12%.

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.