Cable Hill Partners LLC Decreases Position in Oracle Co. (NYSE:ORCL)

by · The Markets Daily

Cable Hill Partners LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,702 shares of the enterprise software provider’s stock after selling 657 shares during the period. Oracle accounts for about 0.3% of Cable Hill Partners LLC’s holdings, making the stock its 25th largest holding. Cable Hill Partners LLC’s holdings in Oracle were worth $2,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Eagle Rock Investment Company LLC boosted its holdings in Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after acquiring an additional 64 shares during the last quarter. W Advisors LLC grew its holdings in shares of Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares during the period. Versant Capital Management Inc increased its position in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after purchasing an additional 65 shares in the last quarter. Oak Ridge Investments LLC grew its stake in Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after buying an additional 65 shares during the period. Finally, Trust Point Inc. increased its position in shares of Oracle by 0.5% in the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after acquiring an additional 66 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 0.0 %

Shares of Oracle stock opened at $189.62 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. 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 50-day moving average of $169.43 and a 200-day moving average of $145.54. The stock has a market cap of $525.45 billion, a PE ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company earned $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Insider Activity at Oracle

In related 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 owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. 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 corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on ORCL. Jefferies Financial Group boosted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. JMP Securities boosted their target price on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Mizuho upped their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Stifel Nicolaus increased their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

View Our Latest Stock Report on ORCL

Oracle Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL – Free Report).