Empirical Asset Management LLC Acquires 3,761 Shares of Oracle Co. (NYSE:ORCL)

Empirical Asset Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,413 shares of the enterprise software provider’s stock after purchasing an additional 3,761 shares during the quarter. Empirical Asset Management LLC’s holdings in Oracle were worth $2,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Oracle by 71.5% during the 2nd quarter. Brighton Jones LLC now owns 266,931 shares of the enterprise software provider’s stock worth $37,691,000 after purchasing an additional 111,324 shares during the period. Ieq Capital LLC grew its position in Oracle by 11.2% during the second quarter. Ieq Capital LLC now owns 140,559 shares of the enterprise software provider’s stock worth $19,847,000 after buying an additional 14,105 shares in the last quarter. Trust Investment Advisors bought a new position in Oracle during the second quarter valued at about $212,000. Canada Pension Plan Investment Board raised its holdings in Oracle by 20.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,450,762 shares of the enterprise software provider’s stock valued at $204,848,000 after acquiring an additional 248,664 shares in the last quarter. Finally, Callan Capital LLC lifted its position in shares of Oracle by 1.2% in the 2nd quarter. Callan Capital LLC now owns 21,280 shares of the enterprise software provider’s stock worth $3,005,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock opened at $161.05 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The business’s fifty day moving average is $176.00 and its 200-day moving average is $161.21. The company has a market cap of $450.44 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued 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). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ORCL shares. Evercore ISI upped their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Mizuho lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Guggenheim upped their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Company 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.