Hudson Valley Investment Advisors Inc. ADV Has $3.07 Million Holdings in Oracle Co. (ORCL)

Hudson Valley Investment Advisors Inc. ADV reduced its position in shares of Oracle Co. (NYSE:ORCL) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,820 shares of the enterprise software provider’s stock after selling 4,468 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oracle were worth $3,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Partnervest Advisory Services LLC increased its holdings in shares of Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 39 shares during the last quarter. Pinnacle Financial Partners Inc. grew its stake in shares of Oracle by 8.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after acquiring an additional 9,328 shares in the last quarter. Strategy Asset Managers LLC grew its stake in shares of Oracle by 22.3% in the third quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock valued at $12,443,000 after acquiring an additional 46,866 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of Oracle in the second quarter valued at about $459,738,000. Finally, CIBC World Markets Inc. grew its stake in shares of Oracle by 51.3% in the second quarter. CIBC World Markets Inc. now owns 231,515 shares of the enterprise software provider’s stock valued at $11,608,000 after acquiring an additional 78,482 shares in the last quarter. 58.36% of the stock is currently owned by hedge funds and other institutional investors.

ORCL has been the topic of several research reports. UBS Group set a $55.00 price target on shares of Oracle and gave the company a “neutral” rating in a research note on Friday, December 15th. Vetr upgraded shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target on the stock in a research note on Thursday, November 2nd. BidaskClub upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Finally, Royal Bank of Canada upped their price target on shares of Oracle to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.38.

In related news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the completion of the transaction, the executive vice president now owns 37,576 shares in the company, valued at approximately $1,953,952. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $877,250. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,956,250 shares of company stock valued at $98,316,475. 29.00% of the stock is owned by company insiders.

Oracle Co. (ORCL) opened at $50.71 on Tuesday. The company has a market cap of $209,920.00, a PE ratio of 21.76, a PEG ratio of 1.93 and a beta of 1.08. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. Oracle Co. has a fifty-two week low of $41.50 and a fifty-two week high of $53.14.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. equities research analysts forecast that Oracle Co. will post 2.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.

Oracle declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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Oracle Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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