Oracle Co. (NYSE:ORCL) is ShankerValleau Wealth Advisors Inc.’s 2nd Largest Position

ShankerValleau Wealth Advisors Inc. reduced its holdings in Oracle Co. (NYSE:ORCL) by 17.2% during the 4th quarter, Holdings Channel reports. The fund owned 331,581 shares of the enterprise software provider’s stock after selling 69,036 shares during the period. Oracle makes up about 17.7% of ShankerValleau Wealth Advisors Inc.’s holdings, making the stock its 2nd largest holding. ShankerValleau Wealth Advisors Inc.’s holdings in Oracle were worth $55,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Oracle by 1.0% during the second quarter. Victory Capital Management Inc. now owns 569,980 shares of the enterprise software provider’s stock valued at $80,481,000 after buying an additional 5,396 shares during the period. Private Advisor Group LLC increased its stake in shares of Oracle by 6.2% in the 2nd quarter. Private Advisor Group LLC now owns 115,797 shares of the enterprise software provider’s stock valued at $16,351,000 after purchasing an additional 6,778 shares in the last quarter. Candriam S.C.A. increased its stake in shares of Oracle by 8.1% in the 2nd quarter. Candriam S.C.A. now owns 103,114 shares of the enterprise software provider’s stock valued at $14,559,000 after purchasing an additional 7,708 shares in the last quarter. Savant Capital LLC raised its holdings in Oracle by 0.5% in the 2nd quarter. Savant Capital LLC now owns 63,031 shares of the enterprise software provider’s stock worth $8,900,000 after purchasing an additional 283 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in Oracle by 119.1% during the second quarter. Los Angeles Capital Management LLC now owns 308,752 shares of the enterprise software provider’s stock worth $43,596,000 after purchasing an additional 167,834 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.4 %

Oracle stock traded down $0.74 during mid-day trading on Monday, hitting $165.58. The company’s stock had a trading volume of 6,576,422 shares, compared to its average volume of 5,940,007. Oracle Co. has a 1 year low of $102.13 and a 1 year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $463.12 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The stock’s fifty day moving average is $178.62 and its two-hundred day moving average is $160.29.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. On average, analysts anticipate that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.97%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ORCL shares. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Bank of America upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” 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 report on Tuesday, December 10th. Finally, Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” 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 one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

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.