Savant Capital LLC Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Savant Capital LLC increased its stake in Oracle Co. (NYSE:ORCL) by 0.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,461 shares of the enterprise software provider’s stock after buying an additional 333 shares during the period. Savant Capital LLC’s holdings in Oracle were worth $6,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Oracle during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle during the third quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on ORCL shares. HSBC increased their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group increased their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

Shares of ORCL stock opened at $114.11 on Wednesday. The firm has a market cap of $313.63 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.34 and a beta of 1.01. The company’s 50 day moving average is $119.63 and its 200 day moving average is $113.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 52-week low of $93.85 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.40%. The ex-dividend date was Tuesday, April 9th. 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 on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 42.80% of the company’s stock.

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.