Interchange Capital Partners LLC Purchases 160 Shares of Oracle Co. (NYSE:ORCL)

Interchange Capital Partners LLC lifted its position in Oracle Co. (NYSE:ORCL) by 2.3% in the third quarter, HoldingsChannel.com reports. The firm owned 6,969 shares of the enterprise software provider’s stock after purchasing an additional 160 shares during the quarter. Interchange Capital Partners LLC’s holdings in Oracle were worth $1,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new stake in Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle in the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle during the first quarter valued at approximately $38,000. Finally, Quest Partners LLC purchased a new position in shares of Oracle in the second quarter worth $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 2.0 %

Shares of ORCL traded up $3.42 during trading hours on Friday, reaching $171.26. 1,463,522 shares of the company traded hands, compared to its average volume of 8,280,786. The stock’s fifty day moving average price is $162.81 and its 200 day moving average price is $141.58. 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 has a market cap of $474.57 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 3.22 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.93%. Oracle’s payout ratio is currently 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research analyst reports. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. Royal Bank of Canada assumed coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective on the stock. Finally, Jefferies Financial Group raised their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

About Oracle

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.