Hollencrest Capital Management Raises Stock Position in Oracle Co. (NYSE:ORCL)

Hollencrest Capital Management boosted its position in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors grew its stake in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after acquiring an additional 296,866 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after purchasing an additional 424,500 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL stock traded up $2.97 during trading hours 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. The business has a fifty day moving average of $165.58 and a 200-day moving average of $143.29. The stock has a market cap of $524.67 billion, a price-to-earnings ratio of 48.72, a P/E/G ratio of 3.12 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $189.35. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last released 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 for 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 prior year, the business earned $0.95 earnings per share. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORCL. BMO Capital Markets boosted their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. DA Davidson upped their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 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.