Everpar Advisors LLC Makes New $998,000 Investment in Oracle Co. (NYSE:ORCL)

Everpar Advisors LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,469 shares of the enterprise software provider’s stock, valued at approximately $998,000.

Several other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Oracle by 9,299.3% during 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 buying an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. increased its stake in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. DNB Asset Management AS raised its position in Oracle by 313.4% during the fourth quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after purchasing an additional 1,339,311 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Oracle by 26,602.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after purchasing an additional 1,254,833 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is owned by insiders.

Oracle Stock Down 0.5 %

Shares of NYSE ORCL traded down $0.54 during mid-day trading on Wednesday, reaching $117.39. 4,635,195 shares of the company’s stock traded hands, compared to its average volume of 8,200,177. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day simple moving average of $120.19 and a 200 day simple moving average of $113.57. The stock has a market cap of $322.65 billion, a P/E ratio of 30.97, a PEG ratio of 2.32 and a beta of 1.03. Oracle Co. has a 1-year low of $96.10 and a 1-year high of $132.77.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Oppenheimer assumed coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. HSBC boosted their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.