Hobbs Group Advisors LLC Acquires 226 Shares of Oracle Co. (NYSE:ORCL)

Hobbs Group Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,957 shares of the enterprise software provider’s stock after purchasing an additional 226 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Oracle were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sunbelt Securities Inc. increased its stake 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 acquiring an additional 193 shares during the period. Empire Financial Management Company LLC grew its holdings in shares of Oracle by 2.8% during the 3rd quarter. Empire Financial Management Company LLC now owns 11,717 shares of the enterprise software provider’s stock worth $1,997,000 after purchasing an additional 315 shares in the last quarter. Chiron Investment Management LLC bought a new position in shares of Oracle in the third quarter worth $2,105,000. Coldstream Capital Management Inc. raised its stake in Oracle by 6.1% in the third quarter. Coldstream Capital Management Inc. now owns 70,982 shares of the enterprise software provider’s stock valued at $12,156,000 after purchasing an additional 4,077 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 6.7 %

NYSE:ORCL opened at $177.74 on Wednesday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s fifty day moving average is $179.76 and its 200-day moving average is $154.67. The firm has a market cap of $492.53 billion, a P/E ratio of 45.81, a P/E/G ratio of 3.49 and a beta of 1.03.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid 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 dividend payout ratio is currently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. Bank of America boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Barclays raised their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Twelve investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

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.