TD Asset Management Inc. Buys 16,326 Shares of Oracle Co. (NYSE:ORCL)

TD Asset Management Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 835,999 shares of the enterprise software provider’s stock after acquiring an additional 16,326 shares during the period. TD Asset Management Inc.’s holdings in Oracle were worth $139,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Second Line Capital LLC grew its stake in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after buying an additional 58 shares during the last quarter. Cadence Bank grew its position in Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after acquiring an additional 59 shares during the last quarter. Requisite Capital Management LLC grew its position in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp raised its position in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.8 %

ORCL opened at $153.59 on Wednesday. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The firm has a market cap of $429.58 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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’s fifty day moving average is $164.84 and its two-hundred day moving average is $170.44.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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 1.30%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. DA Davidson restated a “neutral” rating and issued a $150.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Morgan Stanley lowered their price objective on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Evercore ISI reduced their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.20.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The stock was 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 owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle 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.