Oracle Co. (NYSE:ORCL) Holdings Raised by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. boosted its stake in Oracle Co. (NYSE:ORCL) by 15.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 51,340 shares of the enterprise software provider’s stock after purchasing an additional 7,001 shares during the period. Oracle comprises approximately 2.6% of Kinsale Capital Group Inc.’s portfolio, making the stock its 5th largest position. Kinsale Capital Group Inc.’s holdings in Oracle were worth $8,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC purchased a new position in Oracle in the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ORCL shares. Bank of America upped their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. BMO Capital Markets boosted their price objective on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Guggenheim increased their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Stock Performance

Shares of ORCL stock traded down $3.31 during midday trading on Friday, hitting $183.74. The company had a trading volume of 8,986,276 shares, compared to its average volume of 8,256,067. The stock has a market cap of $509.15 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50 day simple moving average is $172.14 and its 200 day simple moving average is $146.60. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. Oracle’s revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5 earnings per share 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 dividend on an annualized basis and a yield of 0.87%. Oracle’s payout ratio is currently 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by insiders.

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.