Silicon Valley Capital Partners Grows Holdings in Oracle Co. (NYSE:ORCL)

Silicon Valley Capital Partners increased its stake in shares of Oracle Co. (NYSE:ORCL) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,789 shares of the enterprise software provider’s stock after purchasing an additional 471 shares during the period. Silicon Valley Capital Partners’ holdings in Oracle were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ORCL. Itau Unibanco Holding S.A. increased its stake in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares during the period. Buckley Wealth Management LLC grew its holdings in shares of Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after purchasing an additional 2,870 shares in the last quarter. GAMMA Investing LLC increased its stake in Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after buying an additional 7,982 shares during the period. Wesbanco Bank Inc. lifted its holdings in Oracle by 7.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after buying an additional 8,790 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its position in Oracle by 41.7% in the 3rd quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock valued at $3,323,000 after buying an additional 5,737 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $169.81 on Monday. The company’s 50 day simple moving average is $163.43 and its 200-day simple moving average is $142.24. The firm has a market cap of $470.55 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 3.09 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $13.23 billion. During the same period last year, the firm posted $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. DA Davidson increased their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Bank of America boosted 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. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Royal Bank of Canada began coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is owned by insiders.

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.