HBK Sorce Advisory LLC Has $3.23 Million Holdings in Oracle Co. (NYSE:ORCL)

HBK Sorce Advisory LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,395 shares of the enterprise software provider’s stock after purchasing an additional 540 shares during the period. HBK Sorce Advisory LLC’s holdings in Oracle were worth $3,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Raymond James Financial Inc. bought a new stake in shares of Oracle during the 4th quarter worth approximately $930,095,000. Franklin Resources Inc. lifted its holdings 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 worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp lifted its holdings in shares of Oracle by 2.7% during the 3rd 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 period. Amundi lifted its holdings in shares of Oracle by 15.2% during the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock worth $2,012,943,000 after acquiring an additional 1,623,609 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Oracle by 3,805.0% during the 4th quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after acquiring an additional 941,819 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 4.8 %

NYSE:ORCL opened at $151.17 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $422.81 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.46 and a beta of 1.07. The firm has a fifty day simple moving average of $166.51 and a two-hundred day simple moving average of $169.49. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the business posted $1.41 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. UBS Group reissued a “market perform” rating on shares of Oracle in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Cantor Fitzgerald dropped their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a “sector perform” rating in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.85.

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.