Second Line Capital LLC Has $650,000 Position in Oracle Co. (NYSE:ORCL)

Second Line Capital LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,816 shares of the enterprise software provider’s stock after purchasing an additional 58 shares during the quarter. Second Line Capital LLC’s holdings in Oracle were worth $650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCW Group Inc. grew its holdings in shares of Oracle by 3.2% during the third quarter. TCW Group Inc. now owns 108,124 shares of the enterprise software provider’s stock worth $18,424,000 after buying an additional 3,333 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in Oracle by 1.7% in the third quarter. Hohimer Wealth Management LLC now owns 25,307 shares of the enterprise software provider’s stock valued at $4,312,000 after buying an additional 431 shares during the period. Soltis Investment Advisors LLC boosted its position in Oracle by 47.1% during the third quarter. Soltis Investment Advisors LLC now owns 28,049 shares of the enterprise software provider’s stock worth $4,780,000 after purchasing an additional 8,983 shares during the period. Hobbs Group Advisors LLC raised its holdings in Oracle by 8.3% in the 3rd quarter. Hobbs Group Advisors LLC now owns 2,957 shares of the enterprise software provider’s stock valued at $504,000 after acquiring an additional 226 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in Oracle by 2.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 8,493 shares of the enterprise software provider’s stock worth $1,447,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bank of America upped their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Guggenheim increased their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Twelve research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Down 6.7 %

ORCL opened at $177.74 on Wednesday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $198.31. The company has a 50 day moving average of $179.76 and a 200 day moving average of $154.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $492.53 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Oracle Co. will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. Oracle’s payout ratio is currently 41.24%.

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.