Veracity Capital LLC Has $330,000 Stock Position in Oracle Co. (NYSE:ORCL)

Veracity Capital LLC grew its stake in Oracle Co. (NYSE:ORCL) by 17.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,979 shares of the enterprise software provider’s stock after buying an additional 299 shares during the quarter. Veracity Capital LLC’s holdings in Oracle were worth $330,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fred Alger Management LLC increased its holdings in Oracle by 5.4% during the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock worth $3,808,000 after purchasing an additional 1,388 shares in the last quarter. AXA S.A. grew its holdings in shares of Oracle by 11.0% during the second quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock worth $70,897,000 after buying an additional 49,694 shares in the last quarter. APG Asset Management US Inc. raised its position in Oracle by 1.8% in the 2nd quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock valued at $110,731,000 after buying an additional 13,732 shares during the last quarter. APG Asset Management N.V. lifted its stake in Oracle by 6.9% in the 2nd quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock valued at $231,368,000 after acquiring an additional 114,084 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Oracle by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock worth $1,015,862,000 after acquiring an additional 66,444 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.0 %

Shares of Oracle stock opened at $186.08 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day moving average of $174.43 and a 200-day moving average of $162.05. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock has a market cap of $520.44 billion, a PE ratio of 45.50, a PEG ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ORCL shares. Sanford C. Bernstein boosted their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.