Cable Hill Partners LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Cable Hill Partners LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 596.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,468 shares of the enterprise software provider’s stock after buying an additional 9,821 shares during the quarter. Cable Hill Partners LLC’s holdings in Oracle were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Oracle by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,351,607 shares of the enterprise software provider’s stock worth $377,074,000 after purchasing an additional 393,223 shares during the period. CX Institutional raised its holdings in Oracle by 116.2% in the 1st quarter. CX Institutional now owns 3,619 shares of the enterprise software provider’s stock worth $194,000 after purchasing an additional 1,945 shares during the period. West Oak Capital LLC raised its holdings in Oracle by 1.2% in the 1st quarter. West Oak Capital LLC now owns 38,015 shares of the enterprise software provider’s stock worth $2,042,000 after purchasing an additional 445 shares during the period. Cardinal Capital Management Inc. raised its holdings in Oracle by 2.2% in the 1st quarter. Cardinal Capital Management Inc. now owns 224,523 shares of the enterprise software provider’s stock worth $12,059,000 after purchasing an additional 4,775 shares during the period. Finally, Pioneer Trust Bank N A OR raised its holdings in Oracle by 1.0% in the 1st quarter. Pioneer Trust Bank N A OR now owns 101,993 shares of the enterprise software provider’s stock worth $5,478,000 after purchasing an additional 980 shares during the period. 53.05% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Wedbush reaffirmed a “neutral” rating and issued a $55.00 target price on shares of Oracle in a report on Friday. Morgan Stanley raised their target price on Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. set a $56.00 target price on Oracle and gave the stock a “neutral” rating in a report on Thursday. Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $56.00 to $55.00 in a report on Tuesday, June 18th. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $60.00 target price (up from $59.00) on shares of Oracle in a report on Thursday. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.88.

In other news, CAO W Corey West sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares in the company, valued at $4,800,825. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark V. Hurd sold 787,500 shares of Oracle stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $56.29, for a total value of $44,328,375.00. Following the completion of the transaction, the chief executive officer now owns 874,871 shares of the company’s stock, valued at approximately $49,246,488.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,140,000 shares of company stock valued at $117,501,425. Company insiders own 32.00% of the company’s stock.

NYSE:ORCL opened at $53.75 on Friday. The stock has a market cap of $185.04 billion, a PE ratio of 17.01, a P/E/G ratio of 1.62 and a beta of 1.18. The business’s 50-day simple moving average is $54.06 and its two-hundred day simple moving average is $54.46. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $60.50.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. The firm had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Oracle’s payout ratio is 30.38%.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

See Also: Gross Domestic Product (GDP)

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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