Oracle Co. (NYSE:ORCL) is Carret Asset Management LLC’s 7th Largest Position

by · The Cerbat Gem

Carret Asset Management LLC lifted its holdings in Oracle Co. (NYSE:ORCL – Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,052 shares of the enterprise software provider’s stock after purchasing an additional 1,015 shares during the period. Oracle comprises about 2.1% of Carret Asset Management LLC’s portfolio, making the stock its 7th largest holding. Carret Asset Management LLC’s holdings in Oracle were worth $19,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Activest Wealth Management boosted its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the last quarter. Second Line Capital LLC raised its stake in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the period. Cadence Bank raised its stake in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares during the period. Requisite Capital Management LLC raised its stake in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its stake in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 2.3 %

NYSE ORCL opened at $147.41 on Friday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The company has a 50-day simple moving average of $166.14 and a 200-day simple moving average of $169.34. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $412.30 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ORCL shares. Evercore ISI cut their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup cut their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.71.

Get Our Latest Research Report on ORCL

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly 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 SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Profile

(Free Report)

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.

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