Annex Advisory Services LLC Has $30.85 Million Position in Oracle Co. (NYSE:ORCL)

Annex Advisory Services LLC boosted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 13.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 220,686 shares of the enterprise software provider's stock after buying an additional 26,697 shares during the quarter. Annex Advisory Services LLC's holdings in Oracle were worth $30,854,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Oracle in the 4th quarter valued at $2,216,314,000. Raymond James Financial Inc. acquired a new stake in shares of Oracle during the fourth quarter valued at about $930,095,000. GAMMA Investing LLC grew its stake in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after acquiring an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. Barclays lowered their target price on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. Wall Street Zen cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Bank of America reduced their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley cut their target price on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $174.42.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were 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 owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Oracle stock traded up $3.06 during mid-day trading on Thursday, hitting $171.16. The company's stock had a trading volume of 7,695,879 shares, compared to its average volume of 9,520,555. 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 $478.73 billion, a P/E ratio of 41.85, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $198.31. The stock's fifty day moving average price is $145.94 and its two-hundred day moving average price is $160.87.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during 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%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm 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 is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.17%. Oracle's payout ratio is 46.95%.

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.