Todd Asset Management LLC Grows Position in Oracle Co. (NYSE:ORCL)

Todd Asset Management LLC raised its position in Oracle Co. (NYSE:ORCL) by 28.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 309,790 shares of the enterprise software provider’s stock after acquiring an additional 68,564 shares during the quarter. Todd Asset Management LLC’s holdings in Oracle were worth $32,661,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. grew its position in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. Northern Trust Corp lifted its position in Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after buying an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Oracle by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after purchasing an additional 61,604 shares during the period. Invesco Ltd. lifted its position in Oracle by 1.1% during the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after acquiring an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. KeyCorp started coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. The Goldman Sachs Group increased their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. BMO Capital Markets upped their price objective on Oracle from $126.00 to $142.00 and gave the company 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. Finally, HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Trading Up 0.7 %

ORCL stock traded up $0.84 during trading on Friday, hitting $115.80. The company had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. Oracle Co. has a one year low of $94.41 and a one year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a 50-day moving average of $119.91 and a 200-day moving average of $113.32. The stock has a market cap of $318.28 billion, a PE ratio of 30.55, a PEG ratio of 2.32 and a beta of 1.03.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. Oracle’s dividend payout ratio is 42.22%.

Insider Transactions at Oracle

In related news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

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.