Silicon Valley Capital Partners boosted its stake in Oracle Co. (NYSE:ORCL – Get Rating) by 47.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,580 shares of the enterprise software provider’s stock after buying an additional 3,062 shares during the period. Silicon Valley Capital Partners’ holdings in Oracle were worth $585,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. RMB Capital Management LLC increased its stake in shares of Oracle by 0.7% in the 2nd quarter. RMB Capital Management LLC now owns 18,863 shares of the enterprise software provider’s stock valued at $1,318,000 after buying an additional 128 shares during the period. St. Johns Investment Management Company LLC grew its stake in shares of Oracle by 0.9% during the second quarter. St. Johns Investment Management Company LLC now owns 15,887 shares of the enterprise software provider’s stock worth $1,110,000 after purchasing an additional 135 shares during the period. Cavalier Investments LLC grew its stake in shares of Oracle by 1.5% during the second quarter. Cavalier Investments LLC now owns 9,141 shares of the enterprise software provider’s stock worth $639,000 after purchasing an additional 137 shares during the period. Coastal Bridge Advisors LLC grew its stake in shares of Oracle by 5.1% during the second quarter. Coastal Bridge Advisors LLC now owns 2,927 shares of the enterprise software provider’s stock worth $205,000 after purchasing an additional 141 shares during the period. Finally, BBR Partners LLC grew its stake in shares of Oracle by 2.2% during the second quarter. BBR Partners LLC now owns 6,636 shares of the enterprise software provider’s stock worth $464,000 after purchasing an additional 141 shares during the period. 40.96% of the stock is owned by institutional investors and hedge funds.
Oracle Trading Up 0.8 %
NYSE:ORCL traded up $0.74 on Monday, hitting $87.88. The company’s stock had a trading volume of 1,059,839 shares, compared to its average volume of 6,485,205. Oracle Co. has a one year low of $60.78 and a one year high of $91.22. The stock has a fifty day moving average of $84.72 and a two-hundred day moving average of $77.73. The firm has a market capitalization of $236.95 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.01.
Oracle (NYSE:ORCL – Get Rating) last posted its earnings results on Monday, December 12th. The enterprise software provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). Oracle had a net margin of 19.09% and a negative return on equity of 174.60%. The firm had revenue of $12.28 billion during the quarter, compared to analyst estimates of $12.01 billion. During the same period in the previous year, the company posted $1.21 EPS. Oracle’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 3.93 EPS for the current year.
Oracle Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 24th. Investors of record on Tuesday, January 10th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Monday, January 9th. Oracle’s dividend payout ratio is currently 40.13%.
Insider Buying and Selling
In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $82.00, for a total transaction of $32,800,000.00. Following the sale, the insider now owns 1,792,688 shares of the company’s stock, valued at $147,000,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $82.00, for a total transaction of $32,800,000.00. Following the completion of the sale, the insider now directly owns 1,792,688 shares in the company, valued at $147,000,416. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead sold 8,080 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $89.82, for a total value of $725,745.60. Following the sale, the director now owns 11,197 shares of the company’s stock, valued at $1,005,714.54. The disclosure for this sale can be found here. Insiders have sold 498,080 shares of company stock valued at $40,732,946 over the last 90 days. 43.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
ORCL has been the subject of a number of analyst reports. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. Monness Crespi & Hardt initiated coverage on Oracle in a research note on Tuesday, December 13th. They set a “buy” rating and a $113.00 price objective for the company. Stifel Nicolaus boosted their target price on Oracle from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, December 13th. Societe Generale boosted their target price on Oracle to $93.00 in a research note on Wednesday, December 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Oracle from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.54.
Oracle Profile
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.