ProVise Management Group LLC Increases Position in Oracle Co. (NYSE:ORCL)

ProVise Management Group LLC lifted its position in Oracle Co. (NYSE:ORCL) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,645 shares of the enterprise software provider’s stock after purchasing an additional 1,926 shares during the period. Oracle comprises 1.0% of ProVise Management Group LLC’s portfolio, making the stock its 29th largest holding. ProVise Management Group LLC’s holdings in Oracle were worth $11,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in Oracle during the fourth quarter valued at $1,210,181,000. Wellington Management Group LLP lifted its position in Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. lifted its position in Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. Boston Partners lifted its position in Oracle by 382.4% during the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after purchasing an additional 3,617,413 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in Oracle by 313.4% during the fourth quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after purchasing an additional 1,339,311 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now directly owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 880,000 shares of company stock worth $110,488,150. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. BMO Capital Markets raised their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, Oppenheimer initiated coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Trading Down 1.0 %

Shares of ORCL stock traded down $1.18 on Friday, hitting $122.91. 7,165,879 shares of the stock traded hands, compared to its average volume of 8,001,117. The firm’s 50-day moving average price is $121.37 and its two-hundred day moving average price is $114.89. 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 capitalization of $337.82 billion, a PE ratio of 32.34, a PEG ratio of 2.89 and a beta of 1.03. Oracle Co. has a twelve month low of $98.77 and a twelve month high of $132.77.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid 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 1.30%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.