Peddock Capital Advisors LLC Purchases New Stake in Oracle Co. (NYSE:ORCL)
Peddock Capital Advisors LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,247 shares of the enterprise software provider’s stock, valued at approximately $172,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC lifted its holdings in shares of Oracle by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 16,092,964 shares of the enterprise software provider’s stock valued at $885,596,000 after purchasing an additional 525,562 shares in the last quarter. Boston Partners increased its position in shares of Oracle by 0.4% during the 3rd quarter. Boston Partners now owns 13,056,708 shares of the enterprise software provider’s stock worth $718,508,000 after purchasing an additional 46,448 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Oracle by 0.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 10,834,700 shares of the enterprise software provider’s stock worth $596,234,000 after purchasing an additional 82,767 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of Oracle by 2.1% during the 2nd quarter. Primecap Management Co. CA now owns 8,637,317 shares of the enterprise software provider’s stock worth $492,068,000 after acquiring an additional 179,400 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Oracle by 13.7% during the 3rd quarter. California Public Employees Retirement System now owns 8,151,315 shares of the enterprise software provider’s stock worth $448,567,000 after acquiring an additional 984,173 shares during the period. Institutional investors and hedge funds own 52.30% of the company’s stock.
A number of research firms have recently weighed in on ORCL. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $56.00 target price on shares of Oracle in a research report on Friday, December 13th. ValuEngine raised Oracle from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Royal Bank of Canada restated a “neutral” rating and set a $57.00 target price on shares of Oracle in a research report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of Oracle in a research report on Wednesday, October 30th. Finally, Raymond James reiterated an “outperform” rating and issued a $57.00 price target (down previously from $61.00) on shares of Oracle in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Oracle presently has a consensus rating of “Hold” and an average target price of $57.67.
Shares of NYSE:ORCL traded down $0.78 during trading on Friday, reaching $54.20. 220,860 shares of the company were exchanged, compared to its average volume of 8,763,792. The firm has a market capitalization of $175.52 billion, a PE ratio of 17.20, a P/E/G ratio of 1.62 and a beta of 1.13. The business’s fifty day simple moving average is $54.29 and its 200-day simple moving average is $54.99. Oracle Co. has a 12-month low of $48.87 and a 12-month high of $60.50. The company has a debt-to-equity ratio of 3.13, a current ratio of 2.37 and a quick ratio of 2.37.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 12th. The enterprise software provider reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.65 billion. Oracle had a net margin of 27.62% and a return on equity of 56.86%. Oracle’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 3.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, January 8th. Oracle’s payout ratio is 30.38%.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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