Victory Capital Management Inc. Buys 5,396 Shares of Oracle Co. (NYSE:ORCL)

Victory Capital Management Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 569,980 shares of the enterprise software provider’s stock after buying an additional 5,396 shares during the quarter. Victory Capital Management Inc.’s holdings in Oracle were worth $80,481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Contour Asset Management LLC grew its stake in shares of Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares in the last quarter. Heritage Wealth Advisors boosted its stake in shares of Oracle by 0.6% in the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after buying an additional 109 shares during the period. Seven Mile Advisory grew its position in Oracle by 10.6% during the fourth quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after buying an additional 502 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its stake in Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.6 %

Shares of ORCL stock opened at $141.81 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock has a market cap of $390.81 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. The stock has a 50-day moving average of $138.72 and a 200-day moving average of $128.47.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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 firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the business posted $1.35 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock valued at $266,776,624 in the last ninety days. 42.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on ORCL shares. Argus raised their price target on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. upped their price target on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. BMO Capital Markets increased their price target on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, June 17th. Finally, Mizuho boosted their price objective on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.87.

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.