Trivant Custom Portfolio Group LLC Invests $449,000 in Oracle Corporation (NYSE:ORCL)

Trivant Custom Portfolio Group LLC acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,209 shares of the enterprise software provider's stock, valued at approximately $449,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital & Planning LLC grew its position 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 period. Brighton Jones LLC boosted its stake in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Oracle in the fourth quarter worth about $51,084,000. Revolve Wealth Partners LLC increased its stake in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Oracle by 4.3% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,689 shares of the enterprise software provider's stock valued at $781,000 after purchasing an additional 193 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ORCL. Stifel Nicolaus upped their price target on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, June 12th. Evercore ISI reissued a "buy" rating on shares of Oracle in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. UBS Group reiterated a "buy" rating and issued a $225.00 price target (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Price Performance

NYSE ORCL traded up $2.45 during trading hours on Thursday, reaching $210.63. The company's stock had a trading volume of 15,046,293 shares, compared to its average volume of 9,813,175. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $589.13 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32. The firm's 50-day moving average price is $157.39 and its 200-day moving average price is $161.16.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The company's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 427,366 shares of company stock worth $80,183,723. Corporate insiders own 42.20% of the company's stock.

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.