Nisa Investment Advisors LLC Purchases 7,719 Shares of Oracle Co. (NYSE:ORCL)

Nisa Investment Advisors LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,647 shares of the enterprise software provider’s stock after purchasing an additional 7,719 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Oracle were worth $99,425,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $5,977,015,000 after acquiring an additional 885,041 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Oracle by 11.6% in the third 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 position in Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after purchasing an additional 310,709 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings 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 acquiring an additional 54,868 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $172.82 on Wednesday. The stock has a market cap of $483.37 billion, a PE ratio of 42.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company’s fifty day moving average price is $174.87 and its 200-day moving average price is $161.70.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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 of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. UBS Group boosted their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.