Evoke Wealth LLC Has $9.71 Million Holdings in Oracle Co. (NYSE:ORCL)

Evoke Wealth LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,254 shares of the enterprise software provider’s stock after purchasing an additional 850 shares during the quarter. Evoke Wealth LLC’s holdings in Oracle were worth $9,707,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted its stake in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. lifted its stake in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Oracle by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock worth $2,998,798,000 after purchasing an additional 97,635 shares during the period. Finally, Janus Henderson Group PLC increased its position in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after buying an additional 54,868 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. BMO Capital Markets decreased their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. UBS Group reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Finally, Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $179.71.

Oracle Trading Up 3.2 %

NYSE ORCL opened at $154.01 on Tuesday. The firm has a market capitalization of $430.76 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s 50-day moving average price is $165.57 and its two-hundred day moving average price is $169.95.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

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.