KRS Capital Management LLC Raises Position in Oracle Co. (NYSE:ORCL)

KRS Capital Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,916 shares of the enterprise software provider’s stock after buying an additional 85 shares during the period. Oracle makes up approximately 1.3% of KRS Capital Management LLC’s holdings, making the stock its 12th largest holding. KRS Capital Management LLC’s holdings in Oracle were worth $1,819,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORCL. Principal Financial Group Inc. increased its position in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the period. RMR Wealth Builders grew its position in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after buying an additional 5,675 shares during the period. Itau Unibanco Holding S.A. increased its stake in shares of Oracle by 15.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in Oracle during the third quarter worth about $4,160,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ORCL shares. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Tuesday, December 10th. Guggenheim upped 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. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 0.9 %

Shares of ORCL traded up $1.51 during mid-day trading on Friday, reaching $161.05. 11,593,649 shares of the company’s stock traded hands, compared to its average volume of 5,912,798. The stock’s 50-day moving average is $176.00 and its two-hundred day moving average is $161.21. The stock has a market cap of $450.44 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s payout ratio is presently 39.12%.

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.