May Hill Capital LLC Takes $564,000 Position in Oracle Co. (NYSE:ORCL)

May Hill Capital LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,386 shares of the enterprise software provider’s stock, valued at approximately $564,000.

Several other large investors have also made changes to their positions in the company. Second Line Capital LLC raised its holdings in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares during the period. Requisite Capital Management LLC increased its position in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. raised its holdings in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 60 shares during the period. McLean Asset Management Corp lifted its position in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after buying an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC grew its stake in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after buying an additional 63 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ORCL shares. Jefferies Financial Group reduced their target price on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus reduced their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Piper Sandler lowered their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Bank of America reduced their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $178.00.

Oracle Trading Down 0.6 %

NYSE:ORCL opened at $140.07 on Tuesday. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $163.52 and a 200 day simple moving average of $170.16. The firm has a market capitalization of $391.77 billion, a P/E ratio of 34.25, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 EPS. Equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is 46.95%.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.