Savant Capital LLC Boosts Stake in Oracle Co. (NYSE:ORCL)

Savant Capital LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,829 shares of the enterprise software provider’s stock after purchasing an additional 730 shares during the period. Savant Capital LLC’s holdings in Oracle were worth $1,016,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Oracle by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,351,607 shares of the enterprise software provider’s stock valued at $377,074,000 after acquiring an additional 393,223 shares in the last quarter. Capital Investment Services of America Inc. lifted its position in Oracle by 0.3% in the 1st quarter. Capital Investment Services of America Inc. now owns 303,995 shares of the enterprise software provider’s stock valued at $16,328,000 after acquiring an additional 872 shares in the last quarter. LifePlan Financial Group Inc lifted its position in Oracle by 12.3% in the 1st quarter. LifePlan Financial Group Inc now owns 1,977 shares of the enterprise software provider’s stock valued at $106,000 after acquiring an additional 217 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its position in Oracle by 4.3% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 174,485 shares of the enterprise software provider’s stock valued at $9,372,000 after acquiring an additional 7,239 shares in the last quarter. Finally, Forte Capital LLC ADV lifted its position in Oracle by 1.9% in the 1st quarter. Forte Capital LLC ADV now owns 12,582 shares of the enterprise software provider’s stock valued at $676,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 53.71% of the company’s stock.

In other Oracle news, CAO W Corey West sold 50,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the sale, the chief accounting officer now owns 85,348 shares in the company, valued at approximately $4,800,825. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 90,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $59.52, for a total value of $5,356,800.00. Following the completion of the sale, the director now owns 82,310 shares of the company’s stock, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,352,500 shares of company stock worth $76,708,925. 32.00% of the stock is owned by insiders.

Oracle stock traded down $1.61 during trading on Friday, reaching $51.58. The company had a trading volume of 9,174,612 shares, compared to its average volume of 10,150,123. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $60.50. The firm’s 50-day simple moving average is $56.46 and its 200 day simple moving average is $54.33. The firm has a market capitalization of $177.60 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.18. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. During the same period last year, the firm earned $0.99 EPS. Oracle’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 3.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a $0.24 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.86%. Oracle’s dividend payout ratio is currently 30.38%.

Several research firms recently issued reports on ORCL. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, May 15th. ValuEngine cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays upped their price objective on Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, June 20th. UBS Group reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Oracle in a research report on Friday, June 14th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $55.00 price objective (down from $55.92) on shares of Oracle in a research report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the stock. Oracle presently has an average rating of “Hold” and a consensus price target of $55.14.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Read More: What is the strike price in options trading?

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.