Mengis Capital Management Inc. Acquires 200 Shares of Oracle Co. (NYSE:ORCL)

Mengis Capital Management Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,178 shares of the enterprise software provider’s stock after purchasing an additional 200 shares during the period. Mengis Capital Management Inc.’s holdings in Oracle were worth $696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Oracle by 11.6% in 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 boosted its holdings in Oracle by 2.7% in 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. Jennison Associates LLC boosted its holdings in Oracle by 279.7% in 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. Geode Capital Management LLC boosted its holdings in Oracle by 2.6% in 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. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Oracle by 2,899.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock worth $155,694,000 after acquiring an additional 883,233 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on 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 directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $170.00 on Tuesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day simple moving average of $168.97 and a two-hundred day simple moving average of $167.87. Oracle Co. has a 1 year low of $109.79 and a 1 year high of $198.31. The company has a market capitalization of $475.48 billion, a P/E ratio of 41.56, a P/E/G ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last released 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the business earned $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

ORCL has been the topic of several recent research reports. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Citigroup increased their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.