Patriot Financial Group Insurance Agency LLC Has $2.62 Million Stake in Oracle Co. (NYSE:ORCL)

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,747 shares of the enterprise software provider’s stock after purchasing an additional 207 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Oracle were worth $2,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbeam Capital Management LLC acquired a new stake in Oracle during the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new stake in Oracle during the 4th quarter valued at $33,000. Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter valued at $34,000. TFC Financial Management Inc. increased its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Westpark Capital initiated coverage on Oracle in a research report on Tuesday, April 1st. They issued a “buy” rating and a $195.00 price objective on the stock. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. Finally, Evercore ISI decreased their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $174.42.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by company insiders.

Oracle Stock Up 1.8%

NYSE:ORCL opened at $174.22 on Friday. Oracle Co. has a 12-month low of $118.86 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $487.29 billion, a P/E ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. The stock’s fifty day simple moving average is $147.20 and its 200-day simple moving average is $160.46.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

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.