Oracle Co. (NYSE:ORCL) Shares Bought by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. grew its stake in shares of Oracle Co. (NYSE:ORCL) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 57,002 shares of the enterprise software provider’s stock after acquiring an additional 5,662 shares during the period. Oracle comprises about 2.6% of Kinsale Capital Group Inc.’s portfolio, making the stock its 7th largest holding. Kinsale Capital Group Inc.’s holdings in Oracle were worth $9,499,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Group Ltd. purchased a new stake in shares of Oracle in the third quarter valued at $222,000. Howard Capital Management Group LLC lifted its holdings in shares of Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of Oracle by 16.8% in the third quarter. Financial Advocates Investment Management now owns 6,141 shares of the enterprise software provider’s stock valued at $1,046,000 after purchasing an additional 885 shares in the last quarter. Oak Ridge Investments LLC increased its stake in shares of Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 65 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Oracle by 53.1% in the third quarter. Stephens Inc. AR now owns 69,686 shares of the enterprise software provider’s stock worth $11,875,000 after acquiring an additional 24,174 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ORCL. Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

NYSE ORCL opened at $166.09 on Friday. The firm has a market cap of $464.55 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 3.46 and a beta of 1.05. The company has a 50 day moving average of $168.93 and a 200-day moving average of $168.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $110.36 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business earned $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Oracle’s dividend payout ratio is 39.12%.

About Oracle

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.