Mainstream Capital Management LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Mainstream Capital Management LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 531 shares of the enterprise software provider’s stock, valued at approximately $88,000.

Several other large investors have also recently made changes to their positions in ORCL. Franklin Resources Inc. raised 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 acquiring an additional 1,917,416 shares in the last quarter. State Street Corp raised its stake in shares of 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 acquiring an additional 1,847,561 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Oracle by 3,805.0% during the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after acquiring an additional 941,819 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Oracle by 279.7% during the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after acquiring an additional 891,842 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $161.91 on Tuesday. The company’s fifty day moving average price is $168.79 and its 200-day moving average price is $169.01. 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 stock has a market cap of $452.86 billion, a PE ratio of 39.59, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. Oracle Co. has a 12 month low of $110.36 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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 company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley lifted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.73.

About Oracle

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.