Oracle Co. (NYSE:ORCL) Shares Purchased by Provence Wealth Management Group

Provence Wealth Management Group increased its stake in Oracle Co. (NYSE:ORCL) by 14.5% in the 4th quarter, HoldingsChannel reports. The fund owned 11,755 shares of the enterprise software provider’s stock after acquiring an additional 1,491 shares during the period. Provence Wealth Management Group’s holdings in Oracle were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ORCL. Vanguard Group Inc. boosted its stake in Oracle by 5.7% during the 3rd 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 in the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after buying an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after buying an additional 61,604 shares in the last quarter. Invesco Ltd. grew its holdings in Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after acquiring an additional 89,876 shares during the period. Finally, Wellington Management Group LLP raised its position in Oracle by 9,299.3% in the third 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 in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. Corporate insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Up 0.7 %

Shares of ORCL traded up $0.84 during midday trading on Friday, reaching $115.80. 4,484,976 shares of the stock were exchanged, compared to its average volume of 6,128,065. The company has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. 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 12-month low of $94.41 and a 12-month high of $132.77. The firm has a 50 day simple moving average of $119.91 and a 200-day simple moving average of $113.32.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (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 firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced 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. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 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.