Rappaport Reiches Capital Management LLC Has $995,000 Holdings in Oracle Co. (NYSE:ORCL)

Rappaport Reiches Capital Management LLC grew its position in Oracle Co. (NYSE:ORCL) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,969 shares of the enterprise software provider’s stock after acquiring an additional 366 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in Oracle were worth $995,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ORCL. State Street Corp lifted its holdings in shares of 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 purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC lifted its holdings in 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 worth $5,977,015,000 after buying an additional 885,041 shares during the period. Franklin Resources Inc. lifted its holdings in 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 buying an additional 1,917,416 shares during the period. Fisher Asset Management LLC lifted its holdings in Oracle by 1.8% during the 3rd 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 period. Finally, Janus Henderson Group PLC increased its stake in shares of Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after buying an additional 54,868 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein boosted their price target 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. DA Davidson increased their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Guggenheim boosted their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group increased their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of Oracle stock opened at $186.08 on Friday. The company has a market cap of $520.44 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. 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 52 week low of $106.51 and a 52 week high of $198.31. The business has a 50 day moving average price of $174.43 and a 200-day moving average price of $162.05.

Oracle (NYSE:ORCL) last posted 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 company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. Equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 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.