NTV Asset Management LLC Sells 100 Shares of Oracle Co. (NYSE:ORCL)

NTV Asset Management LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 4,942 shares of the enterprise software provider’s stock after selling 100 shares during the quarter. NTV Asset Management LLC’s holdings in Oracle were worth $521,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ORCL. Vanguard Group Inc. increased its holdings in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares in the last quarter. Northern Trust Corp grew its stake in shares of Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after purchasing an additional 61,604 shares during the last quarter. Invesco Ltd. lifted its position in Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after purchasing an additional 89,876 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. The Goldman Sachs Group boosted their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Price Performance

Shares of ORCL traded up $0.84 during midday trading on Friday, hitting $115.80. 4,484,976 shares of the company traded hands, compared to its average volume of 6,128,065. The stock has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.32 and a beta of 1.03. The firm has a 50 day moving average of $119.91 and a 200-day moving average of $113.38. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52 week low of $94.41 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

About Oracle

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.