F&V Capital Management LLC Raises Stake in Oracle Co. (NYSE:ORCL)

F&V Capital Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,955 shares of the enterprise software provider’s stock after buying an additional 2,060 shares during the quarter. Oracle makes up about 5.5% of F&V Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. F&V Capital Management LLC’s holdings in Oracle were worth $18,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Invst LLC raised its holdings in Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares during the period. Nemes Rush Group LLC lifted its position in shares of Oracle by 1.2% during the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after buying an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC grew 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 valued at $898,000 after acquiring an additional 90 shares during the period. Sovereign Financial Group Inc. increased its holdings in Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after acquiring an additional 90 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. lifted its holdings in Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after purchasing an additional 90 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 0.7 %

NYSE:ORCL traded down $0.92 during mid-day trading on Wednesday, hitting $138.25. 8,034,593 shares of the stock traded hands, compared to its average volume of 8,590,405. The stock has a market capitalization of $381.00 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 2.52 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The firm’s 50 day moving average is $123.84 and its two-hundred day moving average is $117.48. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the firm earned $1.35 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Activity

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now directly owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 348,418 shares of company stock valued at $47,784,717. 42.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ORCL shares. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. TD Cowen boosted their price objective on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Sanford C. Bernstein increased their target price on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. The Goldman Sachs Group boosted their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Evercore ISI increased their price objective on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.83.

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.