Oracle Co. (NYSE:ORCL) Shares Purchased by Vestor Capital LLC

Vestor Capital LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 45.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 130,227 shares of the enterprise software provider’s stock after acquiring an additional 40,676 shares during the quarter. Oracle accounts for 1.7% of Vestor Capital LLC’s investment portfolio, making the stock its 13th largest position. Vestor Capital LLC’s holdings in Oracle were worth $21,701,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Second Line Capital LLC lifted its position in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares in the last quarter. Cadence Bank lifted its position in shares of Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares in the last quarter. Requisite Capital Management LLC lifted its position in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after purchasing an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp lifted its position in shares of Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after purchasing an additional 61 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Stephens initiated coverage on shares of Oracle in a research report on Wednesday. They set an “equal weight” rating and a $167.00 target price on the stock. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $179.20.

Oracle Stock Up 0.1 %

Oracle stock opened at $152.83 on Friday. The stock has a market cap of $427.45 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50-day moving average price is $164.87 and its two-hundred day moving average price is $169.85. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the business posted $1.41 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Oracle 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.