Patriot Financial Group Insurance Agency LLC Has $2.62 Million Stake in Oracle Co. (NYSE:ORCL)

Patriot Financial Group Insurance Agency LLC raised its position in Oracle Co. (NYSE:ORCL) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 18,747 shares of the enterprise software provider’s stock after purchasing an additional 207 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Oracle were worth $2,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Capital & Planning LLC raised its stake in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after purchasing an additional 81 shares during the period. Brighton Jones LLC increased its position in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Oracle in the fourth quarter valued at about $51,084,000. Revolve Wealth Partners LLC increased its position in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after acquiring an additional 404 shares during the last quarter. Finally, Financial Advocates Investment Management increased its position in shares of Oracle by 10.5% in the fourth quarter. Financial Advocates Investment Management now owns 6,787 shares of the enterprise software provider’s stock valued at $1,131,000 after acquiring an additional 646 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 1.8%

Shares of NYSE:ORCL opened at $174.22 on Friday. Oracle Co. has a 12-month low of $118.86 and a 12-month high of $198.31. The stock has a market cap of $487.29 billion, a PE ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. The business has a 50 day moving average of $147.20 and a 200-day moving average of $160.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ORCL shares. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Barclays lowered their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada set a $145.00 target price on Oracle and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $174.42.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 over the last quarter. Company insiders own 42.20% of the company’s stock.

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.