Hengehold Capital Management LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Hengehold Capital Management LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,785 shares of the enterprise software provider’s stock after purchasing an additional 256 shares during the period. Hengehold Capital Management LLC’s holdings in Oracle were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $27,000. Westend Capital Management LLC purchased a new position in shares of Oracle during the first quarter worth about $25,000. POM Investment Strategies LLC purchased a new position in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter worth approximately $35,000. Finally, Quest Partners LLC acquired a new position in Oracle in the second quarter valued at $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Barclays upped their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. Mizuho increased their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Morgan Stanley raised their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Ten equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.42.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, 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 through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $175.63 on Friday. The firm has a market capitalization of $484.01 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The stock’s 50 day moving average price is $155.43 and its 200 day moving average price is $138.15. 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 posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.23 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

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.