Border to Coast Pensions Partnership Ltd Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Border to Coast Pensions Partnership Ltd boosted its position in Oracle Co. (NYSE:ORCL) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 459,149 shares of the enterprise software provider’s stock after purchasing an additional 25,613 shares during the period. Oracle comprises about 1.5% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 16th biggest position. Border to Coast Pensions Partnership Ltd’s holdings in Oracle were worth $76,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Quest Partners LLC bought a new position in Oracle during the second quarter valued at $40,000. Reston Wealth Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth about $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the 3rd quarter worth about $51,000. Finally, Friedenthal Financial bought a new position in Oracle during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORCL. Sanford C. Bernstein boosted their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley increased their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of Oracle in a research note on Friday. They set an “overweight” rating and a $214.00 target price for the company. DA Davidson raised their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of ORCL opened at $159.73 on Friday. The company has a 50 day moving average of $176.53 and a two-hundred day moving average of $161.22. 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 twelve month low of $105.68 and a twelve month high of $198.31. The company has a market cap of $446.76 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business earned $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict 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. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date 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 currently 39.12%.

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.