Aviance Capital Partners LLC Has $821,000 Stock Position in Oracle Co. (NYSE:ORCL)

Aviance Capital Partners LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,537 shares of the enterprise software provider’s stock after acquiring an additional 1,215 shares during the period. Aviance Capital Partners LLC’s holdings in Oracle were worth $821,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ORCL. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Oracle by 39.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock worth $846,000 after purchasing an additional 2,276 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised its holdings in Oracle by 23.8% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 3,042 shares of the enterprise software provider’s stock valued at $322,000 after acquiring an additional 585 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Oracle by 28.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 7,942 shares of the enterprise software provider’s stock valued at $841,000 after acquiring an additional 1,777 shares during the period. AQR Capital Management LLC grew its holdings in shares of Oracle by 19.7% during the 3rd quarter. AQR Capital Management LLC now owns 856,551 shares of the enterprise software provider’s stock worth $90,726,000 after purchasing an additional 140,855 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Oracle by 1.9% in the third quarter. Advisors Asset Management Inc. now owns 48,633 shares of the enterprise software provider’s stock worth $5,151,000 after purchasing an additional 921 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.3 %

Shares of ORCL stock opened at $143.09 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. The stock has a 50-day moving average of $125.24 and a 200-day moving average of $118.19. The stock has a market cap of $394.34 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 2.56 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the business posted $1.35 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

Insiders Place Their Bets

In other news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ORCL. Sanford C. Bernstein increased their price objective on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Oracle in a research note on Tuesday, June 25th. Piper Sandler upped their target price on Oracle from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, KeyCorp upped their price objective on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $145.83.

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.