F&V Capital Management LLC Has $7.26 Million Holdings in Oracle Co. (NYSE:ORCL)
F&V Capital Management LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,205 shares of the enterprise software provider’s stock after buying an additional 3,810 shares during the quarter. Oracle makes up 3.1% of F&V Capital Management LLC’s holdings, making the stock its 13th biggest holding. F&V Capital Management LLC’s holdings in Oracle were worth $7,259,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Wealth Alliance lifted its stake in shares of Oracle by 4.0% in the third quarter. Wealth Alliance now owns 9,301 shares of the enterprise software provider’s stock worth $555,000 after acquiring an additional 354 shares during the period. Harfst & Associates Inc. grew its holdings in Oracle by 3.4% during the third quarter. Harfst & Associates Inc. now owns 5,642 shares of the enterprise software provider’s stock worth $336,000 after buying an additional 185 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Oracle by 148.9% in the third quarter. Exchange Traded Concepts LLC now owns 871 shares of the enterprise software provider’s stock worth $52,000 after purchasing an additional 521 shares during the last quarter. JustInvest LLC boosted its position in Oracle by 71.1% in the third quarter. JustInvest LLC now owns 20,661 shares of the enterprise software provider’s stock worth $1,233,000 after purchasing an additional 8,586 shares during the last quarter. Finally, MidWestOne Financial Group Inc. boosted its position in Oracle by 57.2% in the third quarter. MidWestOne Financial Group Inc. now owns 31,578 shares of the enterprise software provider’s stock worth $1,886,000 after purchasing an additional 11,485 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on ORCL shares. Bank of America initiated coverage on Oracle in a research report on Wednesday, December 16th. They set a “neutral” rating and a $68.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $72.00 target price on shares of Oracle in a research note on Friday, December 11th. BidaskClub lowered Oracle from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 1st. Finally, Morgan Stanley increased their target price on Oracle from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, December 11th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.34.
In other news, CAO W Corey West sold 200,000 shares of the stock in a transaction dated Friday, December 18th. The shares were sold at an average price of $65.00, for a total transaction of $13,000,000.00. Following the sale, the chief accounting officer now directly owns 309,647 shares of the company’s stock, valued at approximately $20,127,055. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $61.63, for a total transaction of $6,163,000.00. Following the sale, the executive vice president now directly owns 100,000 shares in the company, valued at $6,163,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 325,000 shares of company stock worth $20,685,750. Corporate insiders own 39.10% of the company’s stock.
ORCL traded down $0.28 during midday trading on Monday, hitting $63.10. 214,735 shares of the company were exchanged, compared to its average volume of 9,215,080. The company’s 50 day simple moving average is $61.27 and its 200 day simple moving average is $58.17. The firm has a market capitalization of $185.77 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1-year low of $39.71 and a 1-year high of $66.20.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, December 9th. The enterprise software provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.06. The company had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.78 billion. Oracle had a return on equity of 85.71% and a net margin of 26.13%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. On average, equities analysts anticipate that Oracle Co. will post 3.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 21st. Stockholders of record on Thursday, January 7th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, January 6th. Oracle’s payout ratio is currently 27.75%.
About Oracle
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company’s cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.
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