Woodstock Corp Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Woodstock Corp grew its holdings in Oracle Co. (NYSE:ORCL) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,685 shares of the enterprise software provider’s stock after purchasing an additional 2,121 shares during the period. Oracle comprises approximately 1.9% of Woodstock Corp’s holdings, making the stock its 11th largest holding. Woodstock Corp’s holdings in Oracle were worth $19,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $40,000. Meiji Yasuda Asset Management Co Ltd. raised its position in Oracle by 6.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,689 shares of the enterprise software provider’s stock valued at $4,757,000 after purchasing an additional 2,103 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in shares of Oracle by 6.1% in the 2nd quarter. Waterloo Capital L.P. now owns 8,934 shares of the enterprise software provider’s stock worth $1,261,000 after buying an additional 510 shares during the period. LJI Wealth Management LLC increased its stake in shares of Oracle by 201.7% during the second quarter. LJI Wealth Management LLC now owns 4,858 shares of the enterprise software provider’s stock valued at $686,000 after buying an additional 3,248 shares during the period. Finally, WCG Wealth Advisors LLC raised its holdings in shares of Oracle by 26.9% in the second quarter. WCG Wealth Advisors LLC now owns 56,602 shares of the enterprise software provider’s stock valued at $7,992,000 after acquiring an additional 12,014 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of ORCL opened at $159.73 on Friday. The stock has a 50-day moving average of $176.53 and a two-hundred day moving average of $161.22. 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 stock has a market cap of $446.76 billion, a P/E ratio of 39.05, a P/E/G ratio of 3.03 and a beta of 1.06. Oracle Co. has a one year low of $105.68 and a one year high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Cantor Fitzgerald began coverage on shares of Oracle in a research note on Friday. They set an “overweight” rating and a $214.00 price objective on the stock. Guggenheim boosted their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price 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.