Two Point Capital Management Inc. Has $14.84 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Two Point Capital Management Inc. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,007 shares of the enterprise software provider’s stock after selling 528 shares during the quarter. Oracle accounts for about 5.3% of Two Point Capital Management Inc.’s holdings, making the stock its 7th biggest holding. Two Point Capital Management Inc.’s holdings in Oracle were worth $14,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Group Ltd. acquired a new stake in Oracle in the third quarter valued at approximately $222,000. Exchange Traded Concepts LLC lifted its holdings in Oracle by 157.0% during the third quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock worth $782,000 after acquiring an additional 2,802 shares during the period. Creative Planning lifted its holdings in Oracle by 4.1% during the third quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock worth $132,045,000 after acquiring an additional 30,341 shares during the period. EdgeRock Capital LLC lifted its holdings in Oracle by 287.4% during the third quarter. EdgeRock Capital LLC now owns 2,673 shares of the enterprise software provider’s stock worth $456,000 after acquiring an additional 1,983 shares during the period. Finally, Braun Bostich & Associates Inc. bought a new stake in Oracle during the third quarter worth $203,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 2.8 %

ORCL stock opened at $172.30 on Thursday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The business’s 50 day moving average price is $170.25 and its two-hundred day moving average price is $165.24. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $481.92 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.93%. Oracle’s dividend payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ORCL shares. Evercore ISI lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. DA Davidson boosted their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.