Naviter Wealth LLC Buys 1,240 Shares of Oracle Co. (NYSE:ORCL)

Naviter Wealth LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,317 shares of the enterprise software provider’s stock after acquiring an additional 1,240 shares during the quarter. Naviter Wealth LLC’s holdings in Oracle were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Contour Asset Management LLC grew its position in shares of Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares during the period. Hancock Whitney Corp raised its stake in Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares during the period. Heritage Wealth Advisors lifted its position in shares of Oracle by 0.6% in the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after buying an additional 109 shares during the last quarter. Seven Mile Advisory boosted its position in Oracle by 10.6% during the fourth quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after purchasing an additional 502 shares during the period. Finally, Goelzer Investment Management Inc. boosted its holdings in shares of Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after buying an additional 1,500 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $139.49 on Wednesday. The stock’s 50-day moving average is $138.61 and its 200-day moving average is $127.93. The stock has a market cap of $384.41 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the company posted $1.35 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. Oracle’s payout ratio is 43.13%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ORCL shares. Morgan Stanley reiterated an “equal weight” rating and set a $125.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. UBS Group boosted their price objective on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Evercore ISI increased their target price on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, JPMorgan Chase & Co. increased their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Transactions at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 over the last ninety days. 42.80% of the stock is owned by insiders.

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.