NorthCrest Asset Manangement LLC Has $44.87 Million Stock Position in Oracle Co. (NYSE:ORCL)

NorthCrest Asset Manangement LLC grew its stake in Oracle Co. (NYSE:ORCL - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,266 shares of the enterprise software provider's stock after acquiring an additional 1,872 shares during the quarter. Oracle comprises approximately 1.3% of NorthCrest Asset Manangement LLC's portfolio, making the stock its 10th biggest holding. NorthCrest Asset Manangement LLC's holdings in Oracle were worth $44,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ORCL. Capital & Planning LLC grew its position in shares of Oracle by 0.5% in the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares during the period. Brighton Jones LLC boosted its stake in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the last quarter. Capital Asset Advisory Services LLC grew its holdings in Oracle by 5.5% in the 4th quarter. Capital Asset Advisory Services LLC now owns 7,096 shares of the enterprise software provider's stock valued at $1,180,000 after buying an additional 368 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Oracle during the 4th quarter valued at about $51,084,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Oracle by 10.5% during the 4th quarter. Pacer Advisors Inc. now owns 185,893 shares of the enterprise software provider's stock worth $30,977,000 after acquiring an additional 17,719 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 1.3%

Shares of Oracle stock traded up $2.13 on Friday, hitting $165.03. 17,537,793 shares of the company's stock traded hands, compared to its average volume of 10,797,141. The stock has a market cap of $461.58 billion, a P/E ratio of 40.35, a PEG ratio of 3.46 and a beta of 1.27. The firm's 50-day moving average is $144.32 and its 200 day moving average is $161.43. 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 $114.55 and a 52-week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.21%. Oracle's dividend payout ratio (DPR) is 46.95%.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Cantor Fitzgerald dropped their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Evercore ISI reduced their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Westpark Capital initiated coverage on Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price target for the company. Finally, DA Davidson cut their price objective on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares of the company's stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,366 shares of company stock valued at $4,015,723. Insiders own 42.20% of the company's stock.

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.