Alyeska Investment Group L.P. Has $18.98 Million Stock Position in Oracle Co. (NYSE:ORCL)

Alyeska Investment Group L.P. lifted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 201.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,899 shares of the enterprise software provider's stock after acquiring an additional 76,099 shares during the period. Alyeska Investment Group L.P.'s holdings in Oracle were worth $18,980,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Oracle during the fourth quarter worth $2,216,314,000. Raymond James Financial Inc. acquired a new stake in Oracle during the 4th quarter valued at approximately $930,095,000. Vanguard Group Inc. increased its holdings in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after purchasing an additional 2,242,520 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after buying an additional 2,176,892 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ORCL shares. Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price on the stock. Morgan Stanley cut their price target on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Jefferies Financial Group reduced their price target on shares of Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. BMO Capital Markets lowered their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Finally, Mizuho lowered their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Stock Performance

Shares of ORCL stock traded up $1.59 during trading hours on Wednesday, reaching $149.29. 6,049,274 shares of the company's stock were exchanged, compared to its average volume of 9,422,139. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $417.56 billion, a P/E ratio of 36.50, a P/E/G ratio of 3.46 and a beta of 1.27. The business has a fifty day moving average price of $142.82 and a 200-day moving average price of $163.46. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced 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 firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

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.