CVA Family Office LLC Increases Position in Oracle Co. (NYSE:ORCL)

CVA Family Office LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 2.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,048 shares of the enterprise software provider’s stock after purchasing an additional 212 shares during the quarter. CVA Family Office LLC’s holdings in Oracle were worth $1,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new stake in Oracle in the fourth quarter worth about $30,000. Hurley Capital LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 7.8%

Shares of Oracle stock opened at $215.54 on Friday. The company’s fifty day simple moving average is $152.88 and its 200-day simple moving average is $160.62. The stock has a market capitalization of $602.86 billion, a PE ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.60. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is 46.08%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on 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 transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ORCL shares. Evercore ISI raised their price target on shares of Oracle from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Oracle from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group raised their price target on shares of Oracle from $145.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays raised their price target on shares of Oracle from $202.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $194.32.

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.