Hollencrest Capital Management Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Hollencrest Capital Management boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,301 shares of the enterprise software provider’s stock after purchasing an additional 160 shares during the period. Hollencrest Capital Management’s holdings in Oracle were worth $1,074,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. SFG Wealth Management LLC. purchased a new position in shares of Oracle in the 3rd quarter valued at $266,000. Capital Performance Advisors LLP raised its stake in shares of Oracle by 82.5% in the 3rd quarter. Capital Performance Advisors LLP now owns 2,673 shares of the enterprise software provider’s stock valued at $455,000 after acquiring an additional 1,208 shares during the period. Quantum Private Wealth LLC raised its stake in shares of Oracle by 23.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 3,334 shares of the enterprise software provider’s stock valued at $568,000 after acquiring an additional 625 shares during the period. AIA Group Ltd raised its stake in shares of Oracle by 7.1% in the 3rd quarter. AIA Group Ltd now owns 10,447 shares of the enterprise software provider’s stock valued at $1,780,000 after acquiring an additional 696 shares during the period. Finally, Summit Global Investments purchased a new position in shares of Oracle in the 3rd quarter valued at $436,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 sale, the executive vice president now directly 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 SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ORCL. JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. BMO Capital Markets raised their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Piper Sandler raised their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. KeyCorp raised their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Performance

Shares of NYSE ORCL traded up $2.97 during midday trading on Friday, hitting $189.34. The company’s stock had a trading volume of 2,175,152 shares, compared to its average volume of 8,255,408. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $189.35. The firm’s fifty day moving average price is $165.58 and its 200-day moving average price is $143.29. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $524.67 billion, a P/E ratio of 48.72, a P/E/G ratio of 3.12 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business 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 company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. Oracle’s dividend payout ratio is presently 41.24%.

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.