Gilman Hill Asset Management LLC Purchases New Holdings in Oracle Co. (NYSE:ORCL)

Gilman Hill Asset Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,246 shares of the enterprise software provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth $27,000. Westend Capital Management LLC acquired a new stake in Oracle during the 1st quarter worth $25,000. POM Investment Strategies LLC acquired a new stake in Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the 2nd quarter worth $35,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 42.80% of the stock is owned by company insiders.

Oracle Stock Up 0.2 %

Oracle stock opened at $175.77 on Monday. The firm has a market capitalization of $484.40 billion, a PE ratio of 47.38, a P/E/G ratio of 3.29 and a beta of 1.01. The company’s 50-day moving average is $151.64 and its 200-day moving average is $136.92. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the business earned $0.95 EPS. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. UBS Group lifted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

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.