Oracle Co. (NYSE:ORCL) is ShankerValleau Wealth Advisors Inc.’s 2nd Largest Position

ShankerValleau Wealth Advisors Inc. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,581 shares of the enterprise software provider’s stock after selling 69,036 shares during the period. Oracle makes up approximately 17.7% of ShankerValleau Wealth Advisors Inc.’s holdings, making the stock its 2nd biggest holding. ShankerValleau Wealth Advisors Inc.’s holdings in Oracle were worth $55,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its stake 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 acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oracle by 2.6% during 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 purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC lifted its position in Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after buying an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake 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 worth $2,489,345,000 after buying an additional 54,868 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORCL shares. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Jefferies Financial Group raised their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Down 0.4 %

Shares of Oracle stock traded down $0.74 during trading on Monday, reaching $165.58. The company’s stock had a trading volume of 6,576,422 shares, compared to its average volume of 5,940,007. The company has a 50-day simple moving average of $178.62 and a two-hundred day simple moving average of $160.29. Oracle Co. has a 1-year low of $102.13 and a 1-year high of $198.31. The company has a market cap of $463.12 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 3.39 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. As a group, equities analysts forecast that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Oracle’s payout ratio is currently 39.12%.

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.