Versant Capital Management Inc Has $674,000 Holdings in Oracle Co. (NYSE:ORCL)

Versant Capital Management Inc increased its position in shares of Oracle Co. (NYSE:ORCL) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,957 shares of the enterprise software provider’s stock after buying an additional 65 shares during the period. Versant Capital Management Inc’s holdings in Oracle were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Contour Asset Management LLC increased its holdings in shares of Oracle by 41.5% during the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after purchasing an additional 643,490 shares during the period. Hancock Whitney Corp lifted its position in shares of Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after acquiring an additional 3,291 shares during the period. Itau Unibanco Holding S.A. grew its holdings in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. increased its position in shares of Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after purchasing an additional 1,500 shares during the period. Finally, GAMMA Investing LLC raised its stake in Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after purchasing an additional 7,982 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Stifel Nicolaus lifted their price objective on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, UBS Group upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.42.

Insider Activity at Oracle

In other news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction 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 owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,573,181 shares of company stock worth $225,338,245 over the last 90 days. 42.80% of the stock is owned by company insiders.

Oracle Stock Down 0.5 %

Shares of NYSE:ORCL opened at $169.94 on Tuesday. The firm has a fifty day moving average of $147.84 and a 200 day moving average of $135.24. The firm has a market capitalization of $470.91 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

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.