Everpar Advisors LLC Acquires New Holdings in Oracle Co. (NYSE:ORCL)

Everpar Advisors LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 9,469 shares of the enterprise software provider’s stock, valued at approximately $998,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in Oracle during the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC grew its stake in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.5 %

NYSE ORCL traded down $0.54 on Wednesday, reaching $117.39. 4,635,195 shares of the company were exchanged, compared to its average volume of 8,200,177. Oracle Co. has a fifty-two week low of $96.10 and a fifty-two week high of $132.77. The stock has a market capitalization of $322.65 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The business’s fifty day moving average price is $120.19 and its 200 day moving average price is $113.57. 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 announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were 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 owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ORCL. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

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.