Corundum Group Inc. Purchases 6,167 Shares of Oracle Co. (NYSE:ORCL)

Corundum Group Inc. raised its holdings in Oracle Co. (NYSE:ORCL) by 70.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,868 shares of the enterprise software provider’s stock after buying an additional 6,167 shares during the period. Oracle comprises approximately 0.9% of Corundum Group Inc.’s investment portfolio, making the stock its 27th biggest holding. Corundum Group Inc.’s holdings in Oracle were worth $2,478,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORCL. State Street Corp boosted its stake in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Geode Capital Management LLC boosted its position in shares of Oracle by 2.6% in the third 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 acquiring an additional 885,041 shares during the period. Franklin Resources Inc. grew its stake 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 acquiring an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC increased its position in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after acquiring an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Oracle by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after purchasing an additional 54,868 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 0.9 %

Shares of ORCL stock opened at $161.05 on Monday. The company has a market cap of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. 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 stock has a 50 day simple moving average of $175.44 and a two-hundred day simple moving average of $161.46.

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). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. Research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Cantor Fitzgerald started coverage on Oracle in a research note on Friday. They set an “overweight” rating and a $214.00 target price for the company. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Tuesday, December 10th. Finally, Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.