Procyon Advisors LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Procyon Advisors LLC boosted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,525 shares of the enterprise software provider's stock after purchasing an additional 2,521 shares during the quarter. Oracle comprises approximately 0.8% of Procyon Advisors LLC's investment portfolio, making the stock its 25th largest holding. Procyon Advisors LLC's holdings in Oracle were worth $13,635,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ORCL. Capital & Planning LLC boosted its holdings in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after buying an additional 81 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of 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. Union Bancaire Privee UBP SA bought a new stake in Oracle in the 4th quarter valued at about $51,084,000. Revolve Wealth Partners LLC raised its stake in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares during the period. Finally, Meritage Portfolio Management raised its stake in Oracle by 6.5% in the 4th quarter. Meritage Portfolio Management now owns 3,844 shares of the enterprise software provider's stock valued at $641,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Up 1.8%

Shares of NYSE:ORCL traded up $3.08 during trading on Friday, reaching $174.22. 6,828,176 shares of the company traded hands, compared to its average volume of 9,518,460. The firm has a market capitalization of $487.29 billion, a price-to-earnings ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business's fifty day moving average is $147.20 and its 200-day moving average is $160.67.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders 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 dividend on an annualized basis and a yield of 1.15%. Oracle's dividend payout ratio is 46.95%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. Wall Street Zen cut Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Westpark Capital started coverage on Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective on the stock. Barclays decreased their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Evercore ISI decreased their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Stephens started coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

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.