Wellington Management Group LLP Raises Position in Oracle Co. (NYSE:ORCL)

Wellington Management Group LLP grew its position in shares of Oracle Co. (NYSE:ORCL) by 27.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 57,424 shares of the enterprise software provider’s stock after acquiring an additional 12,302 shares during the period. Wellington Management Group LLP’s holdings in Oracle were worth $9,785,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Oracle by 3.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 790,878 shares of the enterprise software provider’s stock worth $111,672,000 after buying an additional 25,342 shares during the period. Focus Financial Network Inc. increased its stake in shares of Oracle by 21.7% during the second quarter. Focus Financial Network Inc. now owns 10,290 shares of the enterprise software provider’s stock valued at $1,433,000 after purchasing an additional 1,835 shares in the last quarter. Nadler Financial Group Inc. lifted its holdings in shares of Oracle by 1.1% during the second quarter. Nadler Financial Group Inc. now owns 16,622 shares of the enterprise software provider’s stock valued at $2,347,000 after purchasing an additional 182 shares during the last quarter. GFG Capital LLC boosted its position in shares of Oracle by 3.4% in the 2nd quarter. GFG Capital LLC now owns 19,242 shares of the enterprise software provider’s stock worth $2,717,000 after purchasing an additional 624 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. purchased a new stake in shares of Oracle in the 2nd quarter worth approximately $201,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 1.1 %

ORCL opened at $173.39 on Monday. The firm’s 50 day simple moving average is $180.41 and its two-hundred day simple moving average is $156.15. The company has a market capitalization of $484.96 billion, a PE ratio of 42.39, a PEG ratio of 3.32 and a beta of 1.03. Oracle Co. has a 1-year low of $99.36 and a 1-year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. As a group, equities analysts forecast that Oracle Co. will post 5.17 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Sanford C. Bernstein increased their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, DA Davidson boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.63.

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.