Procyon Advisors LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Procyon Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,446 shares of the enterprise software provider’s stock after buying an additional 2,333 shares during the quarter. Procyon Advisors LLC’s holdings in Oracle were worth $7,427,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. lifted its position in Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares during the last quarter. AMI Investment Management Inc. increased its stake in shares of Oracle by 2.9% in the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after purchasing an additional 579 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Oracle by 29.2% during the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. boosted its position in shares of Oracle by 79.6% during the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after buying an additional 3,038 shares during the period. Finally, Covestor Ltd grew its holdings in Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after buying an additional 1,109 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.4 %

NYSE ORCL traded up $0.49 during trading on Thursday, hitting $125.76. 580,834 shares of the company traded hands, compared to its average volume of 9,114,948. Oracle Co. has a 12 month low of $89.71 and a 12 month high of $132.77. The business has a fifty day simple moving average of $116.00 and a 200 day simple moving average of $111.37. The company has a market capitalization of $345.65 billion, a P/E ratio of 33.03, a PEG ratio of 2.45 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.27%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. Wolfe Research decreased their price objective on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Erste Group Bank restated a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.80% of the company’s stock.

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.