OPSEU Pension Plan Trust Fund Buys 3,798 Shares of Oracle Co. (NYSE:ORCL)

OPSEU Pension Plan Trust Fund raised its stake in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 32.3% in the 4th quarter, Holdings Channel reports. The firm owned 15,545 shares of the enterprise software provider’s stock after purchasing an additional 3,798 shares during the quarter. OPSEU Pension Plan Trust Fund’s holdings in Oracle were worth $1,381,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of Oracle by 4.5% in the 4th quarter. Fisher Asset Management LLC now owns 16,001,088 shares of the enterprise software provider’s stock worth $1,395,455,000 after acquiring an additional 683,095 shares in the last quarter. Morgan Stanley raised its position in shares of Oracle by 12.1% in the 2nd quarter. Morgan Stanley now owns 12,477,054 shares of the enterprise software provider’s stock worth $971,213,000 after acquiring an additional 1,342,602 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Oracle by 4.2% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,832,262 shares of the enterprise software provider’s stock worth $595,295,000 after acquiring an additional 273,455 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Oracle by 4.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,734,179 shares of the enterprise software provider’s stock valued at $586,749,000 after buying an additional 306,956 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Oracle by 2.1% in the 4th quarter. First Trust Advisors LP now owns 6,342,692 shares of the enterprise software provider’s stock valued at $553,146,000 after buying an additional 128,604 shares in the last quarter. 42.33% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:ORCL traded up $1.27 during mid-day trading on Tuesday, reaching $72.81. The company had a trading volume of 305,129 shares, compared to its average volume of 8,639,266. The firm has a market cap of $194.27 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.26 and a beta of 0.87. The company’s 50-day moving average price is $78.68 and its 200-day moving average price is $84.93. Oracle Co. has a one year low of $70.23 and a one year high of $106.34.

Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The enterprise software provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.06). The company had revenue of $10.51 billion during the quarter, compared to the consensus estimate of $10.51 billion. Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. On average, equities analysts expect that Oracle Co. will post 4.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Investors of record on Friday, April 8th were issued a $0.32 dividend. The ex-dividend date was Thursday, April 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.76%. Oracle’s dividend payout ratio (DPR) is presently 49.04%.

In related news, Director Renee Jo James sold 6,000 shares of Oracle stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $84.11, for a total value of $504,660.00. Following the sale, the director now owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 43.40% of the company’s stock.

A number of brokerages recently commented on ORCL. Cowen decreased their target price on Oracle from $115.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, March 9th. Barclays set a $82.00 target price on Oracle in a research report on Friday, March 11th. Credit Suisse Group set a $115.00 target price on Oracle in a research report on Friday, March 11th. StockNews.com initiated coverage on Oracle in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Jefferies Financial Group set a $80.00 price target on Oracle in a research note on Tuesday, March 15th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.09.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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