Exchange Traded Concepts LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Exchange Traded Concepts LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1,322.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,392 shares of the enterprise software provider’s stock after purchasing […]


Exchange Traded Concepts LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1,322.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,392 shares of the enterprise software provider’s stock after purchasing an additional 11,521 shares during the period. Exchange Traded Concepts LLC’s holdings in Oracle were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in Oracle by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 21,027,854 shares of the enterprise software provider’s stock valued at $1,255,363,000 after buying an additional 212,438 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Oracle by 260.6% in the third quarter. Great West Life Assurance Co. Can now owns 14,881,862 shares of the enterprise software provider’s stock valued at $249,752,000 after buying an additional 10,755,354 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Oracle by 2.5% in the third quarter. Fisher Asset Management LLC now owns 13,393,444 shares of the enterprise software provider’s stock valued at $799,589,000 after buying an additional 333,009 shares in the last quarter. LSV Asset Management increased its holdings in Oracle by 6.7% in the third quarter. LSV Asset Management now owns 12,273,520 shares of the enterprise software provider’s stock valued at $732,729,000 after buying an additional 774,696 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Oracle by 31.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,636,837 shares of the enterprise software provider’s stock valued at $635,019,000 after buying an additional 2,567,600 shares in the last quarter. 47.54% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Credit Suisse Group lifted their price objective on shares of Oracle from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, January 15th. Morgan Stanley lifted their price objective on shares of Oracle from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, December 11th. Bank of America assumed coverage on shares of Oracle in a research report on Wednesday, December 16th. They issued a “neutral” rating and a $68.00 target price on the stock. Cleveland Research lowered shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 8th. Finally, KeyCorp assumed coverage on shares of Oracle in a research report on Monday, November 23rd. They issued an “overweight” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $64.68.

In other news, Director Naomi O. Seligman sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, December 14th. The shares were sold at an average price of $60.91, for a total value of $1,522,750.00. Following the sale, the director now directly owns 70,215 shares of the company’s stock, valued at approximately $4,276,795.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO W Corey West sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, December 18th. The shares were sold at an average price of $65.00, for a total transaction of $13,000,000.00. Following the completion of the sale, the chief accounting officer now directly owns 309,647 shares in the company, valued at $20,127,055. The disclosure for this sale can be found here. Insiders sold a total of 325,000 shares of company stock worth $20,685,750 over the last quarter. 39.10% of the stock is currently owned by company insiders.

NYSE:ORCL opened at $61.21 on Friday. The company has a debt-to-equity ratio of 7.37, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $180.20 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.79 and a beta of 0.76. The company’s 50-day moving average is $62.70 and its two-hundred day moving average is $58.68. Oracle Co. has a 1-year low of $39.71 and a 1-year high of $66.20.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 9th. The enterprise software provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.06. The company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.78 billion. Oracle had a net margin of 26.34% and a return on equity of 101.26%. Oracle’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. As a group, equities analysts anticipate that Oracle Co. will post 3.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 21st. Shareholders of record on Thursday, January 7th were issued a $0.24 dividend. The ex-dividend date was Wednesday, January 6th. This represents a $0.96 annualized dividend and a yield of 1.57%. Oracle’s payout ratio is 27.75%.

About Oracle

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company’s cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

Further Reading: Risk Tolerance and Your Investment Decisions

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)



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