Veracity Capital LLC Acquires 299 Shares of Oracle Co. (NYSE:ORCL)

Veracity Capital LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,979 shares of the enterprise software provider’s stock after buying an additional 299 shares during the period. Veracity Capital LLC’s holdings in Oracle were worth $330,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ORCL. Fred Alger Management LLC lifted its position in shares of Oracle by 5.4% in the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock worth $3,808,000 after acquiring an additional 1,388 shares during the period. AXA S.A. lifted its position in Oracle by 11.0% in the second quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock worth $70,897,000 after purchasing an additional 49,694 shares during the period. APG Asset Management US Inc. increased its holdings in Oracle by 1.8% in the 2nd quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock valued at $110,731,000 after buying an additional 13,732 shares during the period. APG Asset Management N.V. raised its stake in shares of Oracle by 6.9% in the 2nd quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock valued at $231,368,000 after buying an additional 114,084 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Oracle by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock worth $1,015,862,000 after acquiring an additional 66,444 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 1.0 %

NYSE:ORCL opened at $186.08 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a market capitalization of $520.44 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 3.62 and a beta of 1.06. The business’s 50-day moving average price is $174.43 and its two-hundred day moving average price is $162.05.

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). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. On average, equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Guggenheim upped their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.