QRG Capital Management Inc. Acquires 15,065 Shares of Oracle Co. (NYSE:ORCL)

QRG Capital Management Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 187,885 shares of the enterprise software provider’s stock after purchasing an additional 15,065 shares during the period. QRG Capital Management Inc.’s holdings in Oracle were worth $31,309,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. TFC Financial Management Inc. raised its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter worth $44,000. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the fourth quarter worth $47,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $172.37 on Thursday. The firm has a 50 day moving average of $169.08 and a 200-day moving average of $168.15. Oracle Co. has a 52 week low of $109.79 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $482.11 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Cantor Fitzgerald downgraded shares of Oracle to an “overweight” rating in a report on Monday, February 10th. Finally, BMO Capital Markets upped their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.