Great Valley Advisor Group Inc. Buys 9,291 Shares of Oracle Co. (NYSE:ORCL)

Great Valley Advisor Group Inc. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,028 shares of the enterprise software provider’s stock after acquiring an additional 9,291 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Oracle were worth $5,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Orion Capital Management LLC bought a new position in shares of Oracle during the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in 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 worth $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new stake in Oracle during the third quarter worth about $27,000. Cornerstone Planning Group LLC increased its holdings in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. BMO Capital Markets lifted their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle 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 completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.80% of the stock is owned by insiders.

Oracle Trading Up 0.3 %

Oracle stock opened at $115.02 on Thursday. The stock has a market cap of $316.13 billion, a P/E ratio of 30.24, a PEG ratio of 2.28 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 1 year low of $94.41 and a 1 year high of $132.77. The firm’s 50 day moving average price is $119.75 and its 200-day moving average price is $113.26.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share 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 company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

About Oracle

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.