ProVise Management Group LLC Has $17.31 Million Holdings in Oracle Co. (NYSE:ORCL)

ProVise Management Group LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,622 shares of the enterprise software provider's stock after acquiring an additional 7,814 shares during the period. Oracle accounts for 1.5% of ProVise Management Group LLC's investment portfolio, making the stock its 17th biggest position. ProVise Management Group LLC's holdings in Oracle were worth $17,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider's stock valued at $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors grew its position in shares of Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider's stock worth $2,319,604,000 after acquiring an additional 82,551 shares during the last quarter. Parnassus Investments LLC grew its holdings in Oracle by 17.7% in the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider's stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. Janus Henderson Group PLC grew its position in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Finally, Putnam Investments LLC increased its position in shares of Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider's stock worth $1,300,941,000 after acquiring an additional 697,961 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.8 %

Oracle stock traded up $2.93 during trading hours on Thursday, hitting $167.46. 5,509,792 shares of the stock traded hands, compared to its average volume of 8,593,705. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm's 50-day moving average price is $141.34 and its two-hundred day moving average price is $131.19. Oracle Co. has a one year low of $99.26 and a one year high of $173.99. The company has a market cap of $461.50 billion, a PE ratio of 44.80, a PEG ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle's payout ratio is currently 43.13%.

Insider Activity

In other Oracle news, insider Edward Screven sold 37,221 shares of the firm's stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The disclosure for this sale can be found here. Insiders sold 1,610,402 shares of company stock worth $230,556,257 in the last 90 days. 42.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Mizuho increased their price objective on Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. JMP Securities upgraded Oracle from a "market perform" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Tuesday, September 10th. UBS Group upped their price target on Oracle from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Sanford C. Bernstein lifted their price objective on shares of Oracle from $159.00 to $171.00 and gave the stock an "outperform" rating in a report on Wednesday, June 12th. Finally, Jefferies Financial Group upped their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.88.

Oracle Company 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.