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

Provence Wealth Management Group raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

Several other large investors have also made changes to their positions in ORCL. Vanguard Group Inc. increased its position in shares of Oracle by 5.7% in 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 buying an additional 7,883,515 shares in the last quarter. Northern Trust Corp grew its stake in Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after acquiring an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Oracle by 0.5% in the 3rd 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 acquiring an additional 61,604 shares during the last quarter. Invesco Ltd. lifted its stake in Oracle by 1.1% in the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after purchasing an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE ORCL traded up $0.84 during trading on Friday, reaching $115.80. The company’s stock had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. The business’s fifty day moving average price is $119.91 and its 200-day moving average price is $113.32. Oracle Co. has a twelve month low of $94.41 and a twelve month high of $132.77. 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 firm 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.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the company’s 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group upped their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Oppenheimer initiated coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $130.76.

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.