Oliver Lagore Vanvalin Investment Group Buys 857 Shares of Oracle Co. (NYSE:ORCL)

Oliver Lagore Vanvalin Investment Group increased its stake in Oracle Co. (NYSE:ORCL) by 10.1% in the second quarter, HoldingsChannel reports. The fund owned 9,374 shares of the enterprise software provider’s stock after purchasing an additional 857 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Oracle were worth $1,324,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORCL. Westend Capital Management LLC purchased a new position in Oracle during the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter valued at approximately $27,000. Frank Rimerman Advisors LLC purchased a new stake in Oracle in the fourth quarter worth $30,000. POM Investment Strategies LLC bought a new stake in Oracle in the second quarter valued at $30,000. Finally, Bbjs Financial Advisors LLC bought a new stake in Oracle in the second quarter valued at $35,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $168.67 on Friday. The firm has a market cap of $464.82 billion, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. The business has a 50-day simple moving average of $144.96 and a two-hundred day simple moving average of $133.69. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. On average, analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s payout ratio is 43.13%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORCL shares. Piper Sandler raised their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Stifel Nicolaus raised their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Bank of America raised their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets lifted their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.13.

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.