GAMMA Investing LLC Increases Stake in Oracle Co. (NYSE:ORCL)

GAMMA Investing LLC raised its stake in Oracle Co. (NYSE:ORCL) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,465 shares of the enterprise software provider’s stock after acquiring an additional 1,624 shares during the period. Oracle comprises 0.4% of GAMMA Investing LLC’s holdings, making the stock its 29th largest position. GAMMA Investing LLC’s holdings in Oracle were worth $5,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. International Assets Investment Management LLC raised its holdings 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 valued at $351,890,000 after acquiring an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. increased its position 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 purchasing an additional 1,917,416 shares during the period. State Street Corp raised its holdings in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of 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 valued at $219,224,000 after purchasing an additional 1,526,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Oracle by 2.6% during 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. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.4 %

Shares of Oracle stock opened at $166.03 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $101.74 and a twelve month high of $198.31. The company has a market cap of $464.38 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.03. The company’s 50 day moving average is $178.93 and its 200 day moving average is $159.86.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.96%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analysts Forecast Growth

Several analysts have commented on ORCL shares. Citigroup raised their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

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.