Sivia Capital Partners LLC Has $464,000 Position in Oracle Co. (NYSE:ORCL)

Sivia Capital Partners LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 19.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,284 shares of the enterprise software provider’s stock after acquiring an additional 546 shares during the quarter. Sivia Capital Partners LLC’s holdings in Oracle were worth $464,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Westend Capital Management LLC bought a new stake in Oracle in the first quarter worth $25,000. Tidemark LLC bought a new stake in shares of Oracle during the 4th quarter worth about $29,000. Nordwand Advisors LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $30,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the 4th quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter worth approximately $30,000. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. Guggenheim reissued a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. DA Davidson reiterated a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. Stifel Nicolaus raised their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Finally, Evercore ISI upped their price target on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by insiders.

Oracle Stock Down 0.6 %

Shares of NYSE ORCL opened at $141.78 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The business has a fifty day moving average of $138.72 and a two-hundred day moving average of $128.33. The stock has a market cap of $390.73 billion, a PE ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s dividend payout ratio is 43.13%.

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.