Fortis Capital Advisors LLC Buys 2,885 Shares of Oracle Co. (NYSE:ORCL)

Fortis Capital Advisors LLC grew its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,368 shares of the enterprise software provider's stock after purchasing an additional 2,885 shares during the period. Oracle comprises about 0.6% of Fortis Capital Advisors LLC's holdings, making the stock its 26th biggest holding. Fortis Capital Advisors LLC's holdings in Oracle were worth $1,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. R Squared Ltd purchased a new position in shares of Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter valued at $34,000. Finally, TFC Financial Management Inc. lifted its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Guggenheim restated a "buy" rating and set a $220.00 target price on shares of Oracle in a report on Thursday, April 3rd. KeyCorp reiterated an "overweight" rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective for the company. Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets lowered their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.27.

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Oracle Trading Up 1.5 %

Shares of NYSE:ORCL traded up $1.98 during mid-day trading on Monday, reaching $134.33. The stock had a trading volume of 8,208,279 shares, compared to its average volume of 9,276,263. The firm has a 50 day simple moving average of $155.25 and a two-hundred day simple moving average of $167.63. The firm has a market cap of $375.72 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share. On average, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.49%. Oracle's dividend payout ratio is presently 46.95%.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock worth $453,791,001 in the last quarter. Corporate insiders own 42.20% of the company's stock.

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.