Van ECK Associates Corp Grows Position in Oracle Co. (NYSE:ORCL)

Van ECK Associates Corp grew its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 21.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,029 shares of the enterprise software provider’s stock after acquiring an additional 6,187 shares during the quarter. Van ECK Associates Corp’s holdings in Oracle were worth $3,710,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Oracle by 3.0% in the second quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock valued at $14,365,308,000 after purchasing an additional 3,494,674 shares during the period. State Street Corp grew its position in shares of Oracle by 1.5% in the second quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock valued at $7,563,980,000 after purchasing an additional 928,013 shares during the period. Geode Capital Management LLC grew its position in shares of Oracle by 4.9% in the second quarter. Geode Capital Management LLC now owns 29,109,414 shares of the enterprise software provider’s stock valued at $3,456,828,000 after purchasing an additional 1,355,636 shares during the period. Morgan Stanley grew its position in shares of Oracle by 9.6% in the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Oracle by 3.4% in the second quarter. Fisher Asset Management LLC now owns 18,537,261 shares of the enterprise software provider’s stock valued at $2,207,602,000 after purchasing an additional 614,945 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

ORCL opened at $115.87 on Tuesday. Oracle Co. has a 12-month low of $82.04 and a 12-month high of $127.54. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 18.84. The firm has a market capitalization of $318.52 billion, a P/E ratio of 32.01, a PEG ratio of 2.23 and a beta of 1.02. The stock has a fifty day moving average of $108.94 and a 200-day moving average of $111.41.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. Oracle had a net margin of 19.64% and a return on equity of 703.26%. The business had revenue of $12.94 billion for the quarter, compared to the consensus estimate of $13.05 billion. During the same period in the prior year, the business posted $1.21 earnings per share. Oracle’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 4.45 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 44.20%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group lowered their price objective on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, December 12th. BMO Capital Markets lowered their price target on Oracle from $130.00 to $126.00 and set a “market perform” rating for the company in a research report on Tuesday, December 12th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Piper Sandler lowered their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Finally, Erste Group Bank reissued a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $127.00.

Read Our Latest Stock Analysis on ORCL

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 16,300 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the transaction, the director now directly owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by company insiders.

Oracle Company 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.

See Also

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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