Oracle Co. (NYSE:ORCL) Shares Bought by Rockland Trust Co.

Rockland Trust Co. boosted its holdings in Oracle Co. (NYSE:ORCL) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,698 shares of the enterprise software provider’s stock after purchasing an additional 760 shares during the period. Rockland Trust Co.’s holdings in Oracle were worth $1,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. International Assets Investment Management LLC grew its position in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. boosted its stake 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 valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. State Street Corp boosted its stake 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 valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after acquiring an additional 1,526,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake 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 purchasing an additional 885,041 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ORCL. Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt lowered 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. Finally, 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 research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Up 1.6 %

Shares of Oracle stock opened at $156.34 on Wednesday. The firm has a market cap of $437.28 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 3.39 and a beta of 1.06. The stock has a 50-day simple moving average of $176.99 and a 200-day simple moving average of $161.24. Oracle Co. has a 52-week low of $105.42 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last posted 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm earned $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 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.