Oracle Co. (NYSE:ORCL) Stock Position Boosted by Spring Capital Management LLC

Spring Capital Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,649 shares of the enterprise software provider’s stock after buying an additional 815 shares during the period. Oracle accounts for about 6.1% of Spring Capital Management LLC’s holdings, making the stock its 3rd largest holding. Spring Capital Management LLC’s holdings in Oracle were worth $10,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Winch Advisory Services LLC raised its stake in Oracle by 89.7% during the 4th 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. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the third quarter worth about $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle during the third quarter worth about $51,000. Friedenthal Financial acquired a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. Finally, Activest Wealth Management grew its stake in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 0.9 %

NYSE:ORCL opened at $161.05 on Friday. Oracle Co. has a 52-week low of $106.51 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 stock has a fifty day simple moving average of $176.00 and a 200-day simple moving average of $161.21. The company has a market capitalization of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. KeyCorp raised their price objective 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. Cantor Fitzgerald initiated coverage on shares of Oracle in a report on Friday. They issued an “overweight” rating and a $214.00 target price for the company. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Guggenheim upped their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.