Fortis Capital Advisors LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

Fortis Capital Advisors LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the second quarter, HoldingsChannel.com reports. The firm purchased 9,520 shares of the enterprise software provider’s stock, valued at approximately $1,344,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. International Assets Investment Management LLC grew its position in shares of Oracle by 153.3% during the 4th quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock worth $1,260,000 after purchasing an additional 7,230 shares in the last quarter. Brio Consultants LLC grew its position in shares of Oracle by 4.1% during the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares in the last quarter. Precision Wealth Strategies LLC grew its position in shares of Oracle by 4.1% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after purchasing an additional 155 shares in the last quarter. Gilbert & Cook Inc. acquired a new position in shares of Oracle during the 4th quarter worth approximately $359,000. Finally, Aveo Capital Partners LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $290,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $139.49 on Wednesday. The company has a fifty day moving average price of $138.61 and a 200-day moving average price of $127.93. The company has a market capitalization of $384.41 billion, a P/E ratio of 37.60, a PEG ratio of 2.55 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last released its quarterly 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). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. As a group, equities analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

Several research firms recently issued reports on ORCL. UBS Group increased their price target on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Stifel Nicolaus increased their price target on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. DA Davidson reiterated a “neutral” rating and set a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. Argus increased their price target on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Bank of America increased their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Transactions at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last three months. 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.