Hudson Valley Investment Advisors Inc. ADV Has $2.35 Million Holdings in Oracle Co. (NYSE:ORCL)

Hudson Valley Investment Advisors Inc. ADV cut its holdings in Oracle Co. (NYSE:ORCL) by 7.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,782 shares of the enterprise software provider’s stock after selling 1,400 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oracle were worth $2,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. raised its holdings in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. Warther Private Wealth LLC raised its holdings in shares of Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after purchasing an additional 63 shares during the last quarter. Howard Bailey Securities LLC raised its holdings in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after purchasing an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in shares of Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after purchasing an additional 64 shares during the last quarter. Finally, Cape ANN Savings Bank raised its holdings in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after purchasing an additional 65 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent research reports. BMO Capital Markets lowered their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. Evercore ISI lowered their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. DA Davidson lowered their target price on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Mizuho lowered their target price on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Jefferies Financial Group lowered their target price on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Fourteen investment 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.42.

Oracle Trading Up 1.8%

ORCL stock opened at $174.22 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a fifty day moving average price of $147.20 and a two-hundred day moving average price of $160.67. Oracle Co. has a one year low of $118.86 and a one year high of $198.31. The stock has a market cap of $487.29 billion, a price-to-earnings ratio of 42.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

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

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is presently 46.95%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by company insiders.

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.