Aire Advisors LLC Has $820,000 Position in Oracle Co. (NYSE:ORCL)

Aire Advisors LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,924 shares of the enterprise software provider’s stock after acquiring an additional 340 shares during the period. Aire Advisors LLC’s holdings in Oracle were worth $820,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Oracle in the fourth quarter valued at about $930,095,000. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. Polen Capital Management LLC grew its position in shares of Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock valued at $1,787,003,000 after purchasing an additional 1,955,764 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. Finally, State Street Corp lifted its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 1.8 %

Shares of NYSE ORCL opened at $154.98 on Tuesday. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The firm has a market capitalization of $433.46 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50-day moving average of $164.89 and a 200-day moving average of $170.36.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company earned $1.41 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. UBS Group reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. KeyCorp restated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Finally, Morgan Stanley dropped their price objective on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $179.20.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by insiders.

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.