Berbice Capital Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

Berbice Capital Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,600 shares of the enterprise software provider’s stock, valued at approximately $267,000.

Several other large investors have also modified their holdings of ORCL. Principal Financial Group Inc. raised its position in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. RMR Wealth Builders raised its position in shares of Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in shares of Oracle during the 3rd quarter worth about $4,160,000. Oppenheimer Asset Management Inc. raised its position in shares of Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after acquiring an additional 126,985 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Oracle by 84.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock worth $147,206,000 after acquiring an additional 395,613 shares in the last quarter. 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 research reports. Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets lifted their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of NYSE ORCL opened at $186.17 on Friday. The stock has a fifty day moving average price of $174.43 and a two-hundred day moving average price of $162.05. 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 market cap of $520.71 billion, a P/E ratio of 45.70, a PEG ratio of 3.62 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. Oracle’s revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5.01 EPS 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s dividend payout ratio (DPR) is presently 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.