Oracle Co. (NYSE:ORCL) Shares Bought by True North Advisors LLC

True North Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,027 shares of the enterprise software provider’s stock after buying an additional 402 shares during the quarter. True North Advisors LLC’s holdings in Oracle were worth $1,004,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Thrivent Financial for Lutherans raised its stake in shares of Oracle by 6.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock worth $13,527,000 after buying an additional 6,215 shares in the last quarter. Interval Partners LP acquired a new position in Oracle during the second quarter worth $819,000. Clear Point Advisors Inc. raised its position in Oracle by 43.4% in the second quarter. Clear Point Advisors Inc. now owns 558 shares of the enterprise software provider’s stock worth $79,000 after acquiring an additional 169 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in Oracle by 1.3% in the second quarter. Insigneo Advisory Services LLC now owns 12,306 shares of the enterprise software provider’s stock valued at $1,738,000 after acquiring an additional 159 shares during the period. Finally, Zurich Insurance Group Ltd FI boosted its position in shares of Oracle by 19.7% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 1,252,122 shares of the enterprise software provider’s stock worth $176,800,000 after purchasing an additional 205,817 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORCL. Citigroup raised their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Cantor Fitzgerald started coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective for the company. Finally, DA Davidson upped their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $184.18 on Thursday. The company’s fifty day moving average price is $174.54 and its two-hundred day moving average price is $161.90. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $515.14 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.39 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. On average, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

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.