Procyon Advisors LLC Purchases 2,333 Shares of Oracle Co. (NYSE:ORCL)

Procyon Advisors LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,446 shares of the enterprise software provider’s stock after acquiring an additional 2,333 shares during the quarter. Procyon Advisors LLC’s holdings in Oracle were worth $7,427,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its holdings in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. BlackRock Inc. increased its holdings in Oracle by 3.0% in the 2nd quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock valued at $14,365,308,000 after buying an additional 3,494,674 shares during the period. State Street Corp raised its position in Oracle by 1.5% during the second quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock valued at $7,563,980,000 after purchasing an additional 928,013 shares in the last quarter. Morgan Stanley grew its holdings in shares of Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Oracle by 3.5% during 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 acquiring an additional 635,994 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL traded up $0.49 during mid-day trading on Thursday, reaching $125.76. 580,834 shares of the company traded hands, compared to its average volume of 9,114,948. The stock has a market capitalization of $345.65 billion, a P/E ratio of 33.03, a P/E/G ratio of 2.45 and a beta of 1.00. Oracle Co. has a 52-week low of $89.71 and a 52-week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company’s fifty day moving average price is $116.00 and its 200-day moving average price is $111.37.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ORCL shares. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Evercore ISI decreased their target price on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, December 12th. Morgan Stanley dropped their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 12th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.