AXQ Capital LP Invests $1.06 Million in Oracle Co. (NYSE:ORCL)

AXQ Capital LP acquired a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,387 shares of the enterprise software provider’s stock, valued at approximately $1,064,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. State Street Corp boosted its holdings 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 period. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 885,041 shares during the period. Franklin Resources Inc. boosted its holdings 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 period. Fisher Asset Management LLC boosted its holdings in Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock valued at $2,998,798,000 after acquiring an additional 97,635 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after acquiring an additional 54,868 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORCL shares. KeyCorp restated an “overweight” rating and set a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Jefferies Financial Group increased their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus dropped their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $179.20.

Oracle Stock Up 0.1 %

ORCL stock opened at $152.83 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The stock has a market capitalization of $427.45 billion, a P/E ratio of 37.37, a P/E/G ratio of 3.46 and a beta of 1.07. The business has a fifty day moving average price of $164.87 and a 200-day moving average price of $169.85.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm earned $1.41 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.