Marco Investment Management LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Marco Investment Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 15.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,745 shares of the enterprise software provider’s stock after purchasing an additional 15,188 shares during the quarter. Oracle makes up 1.2% of Marco Investment Management LLC’s holdings, making the stock its 29th largest position. Marco Investment Management LLC’s holdings in Oracle were worth $11,781,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ORCL. Bison Wealth LLC increased its position in Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after purchasing an additional 91 shares during the period. MONECO Advisors LLC increased its position in Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares during the period. Everhart Financial Group Inc. increased its position in Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after purchasing an additional 96 shares during the period. Nicholas Hoffman & Company LLC. increased its position in Oracle by 1.0% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after purchasing an additional 98 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in Oracle by 0.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock worth $2,255,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 2.0 %

Shares of Oracle stock traded up $2.32 during trading hours on Friday, reaching $117.21. 8,355,111 shares of the company’s stock were exchanged, compared to its average volume of 5,810,524. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The firm has a market capitalization of $322.15 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a fifty day moving average of $119.42 and a 200-day moving average of $113.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle 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.