Hourglass Capital LLC Has $11.12 Million Holdings in Oracle Co. (NYSE:ORCL)

Hourglass Capital LLC lowered its position in Oracle Co. (NYSE:ORCL) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,277 shares of the enterprise software provider’s stock after selling 2,395 shares during the period. Oracle comprises about 3.1% of Hourglass Capital LLC’s investment portfolio, making the stock its biggest holding. Hourglass Capital LLC’s holdings in Oracle were worth $11,123,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. lifted its position in Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Oracle by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock valued at $532,920,000 after purchasing an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC lifted its position in Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after purchasing an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd lifted its position in Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.0 %

Shares of NYSE ORCL opened at $189.62 on Thursday. 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 business’s 50 day moving average price is $169.43 and its 200-day moving average price is $145.54. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The company has a market cap of $525.45 billion, a price-to-earnings ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02.

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

Oracle Announces Dividend

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 of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle’s payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on Oracle in a research report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective on the stock. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. TD Cowen upped their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, JMP Securities upped their price objective on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Insiders Place Their Bets

In other Oracle 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by company insiders.

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.