First City Capital Management Inc. Has $371,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

First City Capital Management Inc. lifted its position in Oracle Co. (NYSE:ORCL) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,178 shares of the enterprise software provider’s stock after purchasing an additional 191 shares during the quarter. First City Capital Management Inc.’s holdings in Oracle were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ORCL. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle in the first quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new position in Oracle during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $185.75 on Tuesday. The firm’s 50 day moving average price is $173.06 and its two-hundred day moving average price is $147.56. 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 Co. has a twelve month low of $99.26 and a twelve month high of $191.77. The firm has a market cap of $514.72 billion, a P/E ratio of 47.87, a PEG ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ORCL shares. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Citigroup boosted their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley upped their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Finally, Guggenheim lifted their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

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.