1,755 Shares in Oracle Co. (NYSE:ORCL) Bought by Gill Capital Partners LLC

Gill Capital Partners LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,755 shares of the enterprise software provider’s stock, valued at approximately $299,000.

Several other hedge funds have also added to or reduced their stakes in the business. Eagle Rock Investment Company LLC raised its stake in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. Versant Capital Management Inc raised its stake in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after buying an additional 65 shares during the period. First International Bank & Trust raised its stake in shares of Oracle by 1.8% in the 3rd quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock valued at $636,000 after purchasing an additional 67 shares during the period. Werlinich Asset Management LLC raised its stake in shares of Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after purchasing an additional 70 shares during the period. Finally, Smith Anglin Financial LLC raised its stake in shares of Oracle by 2.0% in the 3rd quarter. Smith Anglin Financial LLC now owns 3,716 shares of the enterprise software provider’s stock valued at $633,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 2.6 %

Shares of ORCL stock opened at $174.43 on Wednesday. The company has a 50 day moving average of $149.25 and a 200-day moving average of $135.86. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $174.64. The firm has a market cap of $483.36 billion, a P/E ratio of 47.02, a PEG ratio of 3.09 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued 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 company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the business posted $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ORCL shares. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein lifted their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, BMO Capital Markets lifted their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $167.42.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the firm’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 value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s 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 transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,146,320 shares of company stock valued at $164,762,400. Company insiders own 42.80% 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.