Foster Victor Wealth Advisors LLC Purchases 513 Shares of Oracle Co. (NYSE:ORCL)

Foster Victor Wealth Advisors LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 15.2% during the second quarter, HoldingsChannel reports. The firm owned 3,879 shares of the enterprise software provider’s stock after buying an additional 513 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Oracle were worth $553,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Insight Wealth Partners LLC grew its stake in Oracle by 8.2% in the 2nd quarter. Insight Wealth Partners LLC now owns 1,776 shares of the enterprise software provider’s stock valued at $251,000 after buying an additional 135 shares during the last quarter. Brookstone Capital Management grew its stake in Oracle by 34.9% in the 2nd quarter. Brookstone Capital Management now owns 27,828 shares of the enterprise software provider’s stock valued at $3,875,000 after buying an additional 7,193 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in Oracle in the 2nd quarter valued at about $254,000. Blue Trust Inc. grew its position in shares of Oracle by 25.4% during the 2nd quarter. Blue Trust Inc. now owns 22,136 shares of the enterprise software provider’s stock worth $3,126,000 after purchasing an additional 4,480 shares in the last quarter. Finally, Old Port Advisors grew its position in shares of Oracle by 28.2% during the 2nd quarter. Old Port Advisors now owns 3,221 shares of the enterprise software provider’s stock worth $455,000 after purchasing an additional 709 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ORCL shares. DA Davidson restated a “neutral” rating and set a $105.00 target price on shares of Oracle in a research report on Wednesday, June 12th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Evercore ISI raised their price target on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, UBS Group raised their price objective on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Up 0.4 %

Shares of ORCL opened at $137.47 on Friday. The company’s fifty day moving average is $138.39 and its 200 day moving average is $125.79. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The stock has a market capitalization of $378.85 billion, a PE ratio of 37.05, a P/E/G ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 EPS. Sell-side analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock valued at $266,776,624 over the last three months. 42.80% of the stock is owned by company insiders.

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.