LSV Asset Management raised its holdings in Oracle Co. (NYSE:ORCL) by 80.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,374,300 shares of the enterprise software provider’s stock after acquiring an additional 1,055,500 shares during the period. LSV Asset Management owned about 0.06% of Oracle worth $112,256,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Front Row Advisors LLC acquired a new position in shares of Oracle during the fourth quarter worth about $625,000. Howland Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter worth about $210,000. Wedge Capital Management L L P NC boosted its position in shares of Oracle by 26.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 1,350,362 shares of the enterprise software provider’s stock worth $63,845,000 after buying an additional 278,660 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Oracle during the fourth quarter worth about $4,728,000. Finally, Seaward Management Limited Partnership boosted its position in shares of Oracle by 0.5% during the fourth quarter. Seaward Management Limited Partnership now owns 933,756 shares of the enterprise software provider’s stock worth $44,147,000 after buying an additional 4,545 shares during the period. 58.03% of the stock is owned by hedge funds and other institutional investors.
ORCL has been the subject of several recent research reports. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, November 15th. Vetr cut Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective for the company. in a research report on Monday, November 20th. Royal Bank of Canada set a $53.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Tuesday, December 12th. Finally, Goldman Sachs Group set a $58.00 target price on Oracle and gave the stock a “buy” rating in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.76.
Oracle Co. (NYSE ORCL) opened at $52.90 on Tuesday. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $53.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The company has a market capitalization of $219,274.72, a P/E ratio of 22.70, a PEG ratio of 2.02 and a beta of 1.05.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts expect that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle announced that its Board of Directors has initiated a share buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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