Nepsis Inc. Increases Holdings in Oracle Co. (NYSE:ORCL)

Nepsis Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 3,087.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,394 shares of the enterprise software provider’s stock after buying an additional 74,966 shares during the period. Oracle makes up approximately 3.1% of Nepsis Inc.’s investment portfolio, making the stock its 20th largest holding. Nepsis Inc.’s holdings in Oracle were worth $13,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Rock Investment Company LLC increased its stake in shares of Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the period. Versant Capital Management Inc grew its position in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after purchasing an additional 65 shares during the period. Trust Point Inc. raised its stake in shares of Oracle by 0.5% during the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after buying an additional 66 shares during the last quarter. First International Bank & Trust lifted its holdings in shares of Oracle by 1.8% in the 3rd quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock valued at $636,000 after buying an additional 67 shares during the period. Finally, Adirondack Trust Co. boosted its stake in shares of Oracle by 0.8% in the third quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock worth $1,472,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

Oracle stock traded down $0.99 during mid-day trading on Friday, hitting $174.69. The company had a trading volume of 5,001,257 shares, compared to its average volume of 8,042,321. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The stock has a market cap of $484.08 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 3.25 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a fifty day moving average of $156.29 and a 200 day moving average of $138.59.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share 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 business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Evercore ISI increased their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Sanford C. Bernstein lifted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Oracle Company Profile

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.