Cvfg LLC Takes Position in Oracle Co. (NYSE:ORCL)

Cvfg LLC purchased a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,846 shares of the enterprise software provider’s stock, valued at approximately $808,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC grew its stake in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. raised its holdings in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC lifted its position in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $159.73 on Friday. The stock has a market capitalization of $446.76 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a fifty-two week low of $105.68 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $176.53 and a 200 day moving average of $161.22.

Oracle (NYSE:ORCL) last posted its earnings results 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 net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.00%. Oracle’s payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. DA Davidson lifted their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Guggenheim raised 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. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Company 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.