Secure Asset Management LLC Has $1.81 Million Holdings in Oracle Co. (NYSE:ORCL)

Secure Asset Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,870 shares of the enterprise software provider’s stock after buying an additional 434 shares during the quarter. Secure Asset Management LLC’s holdings in Oracle were worth $1,811,000 as of its most recent SEC filing.

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

Oracle Stock Performance

Shares of ORCL opened at $186.08 on Friday. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a 50-day simple moving average of $174.43 and a two-hundred day simple moving average of $162.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization 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.

Oracle (NYSE:ORCL) last issued 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the company earned $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. Guggenheim raised their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Sanford C. Bernstein upped 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.