Oracle Co. (NYSE:ORCL) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its position in Oracle Co. (NYSE:ORCL) by 3,805.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 966,571 shares of the enterprise software provider’s stock after purchasing an additional 941,819 shares during the quarter. Proficio Capital Partners LLC’s holdings in Oracle were worth $161,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares in the last quarter. State Street Corp lifted its position 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 acquiring an additional 1,847,561 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Oracle by 279.7% in the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after acquiring an additional 891,842 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Oracle by 2,899.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Citigroup increased their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was 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 owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by insiders.

Oracle Stock Up 2.3 %

Shares of Oracle stock opened at $172.37 on Thursday. The business’s 50 day simple moving average is $169.08 and its 200 day simple moving average is $168.15. Oracle Co. has a 52-week low of $109.79 and a 52-week high of $198.31. The firm has a market cap of $482.11 billion, a PE ratio of 42.14, a P/E/G ratio of 3.46 and a beta of 1.05. 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 (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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. 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.