Cozad Asset Management Inc. Buys 108 Shares of Oracle Co. (NYSE:ORCL)

Cozad Asset Management Inc. grew its stake in Oracle Co. (NYSE:ORCL) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,535 shares of the enterprise software provider’s stock after purchasing an additional 108 shares during the period. Cozad Asset Management Inc.’s holdings in Oracle were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ORCL. Wellington Management Group LLP lifted its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of Oracle by 313.4% during the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock worth $186,255,000 after acquiring an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Oracle by 26,602.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after acquiring an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Oracle by 35.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after acquiring an additional 825,030 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Oppenheimer initiated coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. BMO Capital Markets lifted their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

Shares of ORCL opened at $113.75 on Wednesday. The stock has a 50-day moving average of $119.63 and a two-hundred day moving average of $113.25. Oracle Co. has a one year low of $93.85 and a one year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $312.64 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.34 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. Oracle’s dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 42.80% of the stock is currently owned by insiders.

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.