Savant Capital LLC Has $6.80 Million Stake in Oracle Co. (NYSE:ORCL)

Savant Capital LLC lifted its position in Oracle Co. (NYSE:ORCL) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,461 shares of the enterprise software provider’s stock after purchasing an additional 333 shares during the quarter. Savant Capital LLC’s holdings in Oracle were worth $6,796,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Bison Wealth LLC grew its position in Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the period. MONECO Advisors LLC grew its position in Oracle by 1.1% in the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after acquiring an additional 94 shares during the period. Everhart Financial Group Inc. grew its position in Oracle by 1.4% in the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after acquiring an additional 96 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in shares of Oracle by 1.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after purchasing an additional 98 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Oracle by 0.5% during the third quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock worth $2,255,000 after purchasing an additional 100 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 0.3 %

ORCL stock opened at $114.11 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a 50 day moving average price of $119.63 and a two-hundred day moving average price of $113.25. The company has a market cap of $313.63 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.34 and a beta of 1.01. Oracle Co. has a twelve month low of $93.85 and a twelve month high of $132.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. Analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 42.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. The Goldman Sachs Group increased their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Finally, Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.