Valley National Advisers Inc. Has $325,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Valley National Advisers Inc. raised its holdings in Oracle Co. (NYSE:ORCL) by 30.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,084 shares of the enterprise software provider’s stock after buying an additional 721 shares during the quarter. Valley National Advisers Inc.’s holdings in Oracle were worth $325,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Oracle during the fourth quarter valued at about $1,409,896,000. Moneta Group Investment Advisors LLC lifted its position in Oracle by 112,785.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock worth $885,451,000 after purchasing an additional 10,822,934 shares during the period. Wellington Management Group LLP boosted its stake in Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. increased its holdings in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. Finally, Morgan Stanley raised its stake in shares of Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ORCL shares. Evercore ISI lowered their price target on Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Wolfe Research cut their price target on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

Shares of ORCL stock opened at $124.40 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $93.20 and a 12-month high of $132.77. The firm has a fifty day moving average of $118.43 and a 200-day moving average of $112.09. The firm has a market capitalization of $341.91 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.42 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.