BOCHK Asset Management Ltd Takes Position in Oracle Co. (NYSE:ORCL)

BOCHK Asset Management Ltd purchased a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 63,100 shares of the enterprise software provider’s stock, valued at approximately $10,515,000. Oracle accounts for about 3.2% of BOCHK Asset Management Ltd’s portfolio, making the stock its 14th largest position.

A number of other institutional investors have also recently made changes to their positions in ORCL. International Assets Investment Management LLC grew its holdings in shares of Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after purchasing an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. grew its holdings in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares in the last quarter. State Street Corp grew its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC grew its holdings in Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Oracle by 2,899.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock worth $155,694,000 after acquiring an additional 883,233 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Mizuho boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. DA Davidson boosted their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald assumed coverage on shares of Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 3.7 %

Shares of Oracle stock opened at $164.12 on Wednesday. The company has a market cap of $459.04 billion, a P/E ratio of 40.13, a PEG ratio of 3.62 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. The firm has a fifty day moving average of $173.36 and a two-hundred day moving average of $163.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Oracle’s dividend payout ratio (DPR) 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.