Altrius Capital Management Inc Takes Position in Oracle Co. (NYSE:ORCL)

Altrius Capital Management Inc bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,247 shares of the enterprise software provider’s stock, valued at approximately $744,000.

Several other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. lifted its stake in Oracle by 0.4% in the 2nd quarter. Bessemer Group Inc. now owns 7,723,188 shares of the enterprise software provider’s stock valued at $919,753,000 after buying an additional 33,605 shares in the last quarter. Delta Asset Management LLC TN lifted its position in shares of Oracle by 21.9% in the second quarter. Delta Asset Management LLC TN now owns 5,569 shares of the enterprise software provider’s stock valued at $663,000 after acquiring an additional 1,000 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Oracle by 404.7% in the second quarter. GeoWealth Management LLC now owns 540 shares of the enterprise software provider’s stock worth $64,000 after acquiring an additional 433 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Oracle by 7.3% during the second quarter. ProShare Advisors LLC now owns 347,814 shares of the enterprise software provider’s stock worth $41,421,000 after purchasing an additional 23,603 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in Oracle by 35.4% in the 2nd quarter. Profund Advisors LLC now owns 29,175 shares of the enterprise software provider’s stock valued at $3,474,000 after purchasing an additional 7,635 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, Director George H. Conrades sold 2,325 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,029,023.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORCL. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Edward Jones raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Berenberg Bank raised their target price on shares of Oracle from $82.50 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, September 21st. DZ Bank raised Oracle from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Thursday, September 14th. Finally, JPMorgan Chase & Co. downgraded Oracle from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $112.00 to $100.00 in a research report on Wednesday, September 13th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $124.23.

Oracle Trading Up 0.4 %

Shares of ORCL stock traded up $0.50 on Monday, hitting $115.86. The stock had a trading volume of 1,058,105 shares, compared to its average volume of 8,851,888. The company’s 50 day moving average price is $108.95 and its 200-day moving average price is $111.75. Oracle Co. has a 1 year low of $78.06 and a 1 year high of $127.54. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $317.38 billion, a P/E ratio of 34.33, a P/E/G ratio of 2.92 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The company had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 4.48 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th were given a $0.40 dividend. The ex-dividend date was Wednesday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.38%. Oracle’s dividend payout ratio is presently 47.62%.

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.