Forte Capital LLC ADV Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Forte Capital LLC ADV increased its stake in shares of Oracle Co. (NYSE:ORCL) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,422 shares of the enterprise software provider’s stock after buying an additional 120 shares during the period. Forte Capital LLC ADV’s holdings in Oracle were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ING Groep NV boosted its holdings in Oracle by 117.5% during the fourth quarter. ING Groep NV now owns 458,813 shares of the enterprise software provider’s stock worth $76,457,000 after buying an additional 247,816 shares in the last quarter. Dash Acquisitions Inc. boosted its holdings in Oracle by 184.7% during the fourth quarter. Dash Acquisitions Inc. now owns 53,372 shares of the enterprise software provider’s stock worth $8,753,000 after buying an additional 34,624 shares in the last quarter. Zullo Investment Group Inc. raised its position in Oracle by 3.4% during the fourth quarter. Zullo Investment Group Inc. now owns 2,198 shares of the enterprise software provider’s stock worth $366,000 after acquiring an additional 72 shares during the last quarter. Boston Financial Mangement LLC raised its position in Oracle by 4.9% during the fourth quarter. Boston Financial Mangement LLC now owns 15,010 shares of the enterprise software provider’s stock worth $2,501,000 after acquiring an additional 697 shares during the last quarter. Finally, Maytree Asset Management Ltd acquired a new position in Oracle during the fourth quarter worth about $850,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL opened at $176.01 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a 50 day moving average of $169.10 and a two-hundred day moving average of $166.74. The company has a market cap of $492.30 billion, a P/E ratio of 43.04, a P/E/G ratio of 3.54 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. Mizuho lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. DA Davidson lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.