SageView Advisory Group LLC Has $2.45 Million Position in Oracle Co. (NYSE:ORCL)

SageView Advisory Group LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 42.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,698 shares of the enterprise software provider’s stock after purchasing an additional 4,365 shares during the quarter. SageView Advisory Group LLC’s holdings in Oracle were worth $2,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Howard Capital Management Group LLC lifted its holdings in shares of Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares during the period. Principal Financial Group Inc. lifted its holdings in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the period. Morse Asset Management Inc bought a new stake in shares of Oracle in the 3rd quarter valued at about $2,590,000. Wellington Management Group LLP increased its stake in shares of Oracle by 27.3% in the third quarter. Wellington Management Group LLP now owns 57,424 shares of the enterprise software provider’s stock valued at $9,785,000 after buying an additional 12,302 shares during the period. Finally, XTX Topco Ltd bought a new position in Oracle during the 3rd quarter worth approximately $215,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 0.8 %

Oracle stock opened at $132.27 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $369.94 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm’s 50-day simple moving average is $155.25 and its 200 day simple moving average is $167.63.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the firm posted $1.41 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.51%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is 46.95%.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock valued at $453,791,001 over the last ninety days. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ORCL shares. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Stifel Nicolaus cut their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. KeyCorp reiterated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Finally, Stephens began coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.65.

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.