Mather Group LLC. Acquires 137 Shares of Oracle Co. (NYSE:ORCL)

Mather Group LLC. lifted its holdings in Oracle Co. (NYSE:ORCL) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,925 shares of the enterprise software provider’s stock after buying an additional 137 shares during the quarter. Mather Group LLC.’s holdings in Oracle were worth $4,154,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. State Street Corp boosted its holdings in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. boosted its stake in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ORCL. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Morgan Stanley lifted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Transactions at Oracle

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

Oracle Stock Down 0.9 %

NYSE:ORCL opened at $168.60 on Tuesday. The firm has a 50-day simple moving average of $171.89 and a two-hundred day simple moving average of $163.58. The firm has a market cap of $471.57 billion, a P/E ratio of 41.22, a P/E/G ratio of 3.35 and a beta of 1.05. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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). The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. Analysts predict that Oracle Co. will post 5 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. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

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.