Oracle Co. (NYSE:ORCL) Stake Reduced by NTV Asset Management LLC

NTV Asset Management LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,942 shares of the enterprise software provider’s stock after selling 100 shares during the quarter. NTV Asset Management LLC’s holdings in Oracle were worth $521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Avidian Wealth Solutions LLC increased its stake in shares of Oracle by 1.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after purchasing an additional 90 shares during the last quarter. Bison Wealth LLC lifted its position in shares of Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the period. MONECO Advisors LLC grew its holdings in shares of Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in shares of Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after purchasing an additional 96 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its position in shares of Oracle by 1.0% in the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.7 %

Shares of Oracle stock traded up $0.84 on Friday, hitting $115.80. The company had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. The stock has a market capitalization of $318.28 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 1 year low of $94.41 and a 1 year high of $132.77. The stock has a 50 day moving average of $119.91 and a 200-day moving average of $113.38.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. As a group, sell-side 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 dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ORCL. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Activity at Oracle

In other news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by company insiders.

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.