Reliant Investment Management LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Reliant Investment Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,016 shares of the enterprise software provider’s stock after purchasing an additional 110 shares during the period. Oracle comprises 2.7% of Reliant Investment Management LLC’s investment portfolio, making the stock its 16th largest holding. Reliant Investment Management LLC’s holdings in Oracle were worth $6,002,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORCL. Pacer Advisors Inc. boosted its stake in shares of Oracle by 36.0% in the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock valued at $20,856,000 after purchasing an additional 39,107 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Oracle by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock valued at $13,527,000 after purchasing an additional 6,215 shares during the period. ProShare Advisors LLC boosted its stake in shares of Oracle by 3.1% in the second quarter. ProShare Advisors LLC now owns 355,652 shares of the enterprise software provider’s stock valued at $50,218,000 after purchasing an additional 10,650 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of Oracle by 3.4% in the second quarter. Epoch Investment Partners Inc. now owns 41,745 shares of the enterprise software provider’s stock valued at $5,894,000 after purchasing an additional 1,377 shares during the period. Finally, Fairscale Capital LLC purchased a new position in shares of Oracle in the second quarter valued at $103,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup upped their price target on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. BMO Capital Markets upped their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Tuesday, December 10th. Morgan Stanley upped their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Up 0.9 %

Oracle stock opened at $161.05 on Tuesday. The company has a 50-day simple moving average of $175.44 and a 200-day simple moving average of $161.58. The firm has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.16 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31.

Oracle (NYSE:ORCL) last announced 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). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio is presently 39.12%.

About Oracle

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.