Catalina Capital Group LLC Has $2.17 Million Position in Oracle Co. (NYSE:ORCL)

Catalina Capital Group LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 23.3% during the third quarter, HoldingsChannel reports. The fund owned 12,704 shares of the enterprise software provider’s stock after purchasing an additional 2,397 shares during the quarter. Oracle comprises approximately 0.7% of Catalina Capital Group LLC’s holdings, making the stock its 27th biggest position. Catalina Capital Group LLC’s holdings in Oracle were worth $2,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. GSA Capital Partners LLP bought a new stake in Oracle in the first quarter worth approximately $920,000. Csenge Advisory Group boosted its holdings in Oracle by 22.7% in the first quarter. Csenge Advisory Group now owns 9,933 shares of the enterprise software provider’s stock worth $1,248,000 after purchasing an additional 1,836 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Oracle by 6.2% during the first quarter. Geneos Wealth Management Inc. now owns 18,828 shares of the enterprise software provider’s stock worth $2,365,000 after buying an additional 1,092 shares during the last quarter. Hemington Wealth Management acquired a new stake in shares of Oracle in the first quarter worth about $222,000. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Oracle by 0.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 329,597 shares of the enterprise software provider’s stock worth $41,401,000 after acquiring an additional 1,525 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 1.3 %

Shares of NYSE:ORCL opened at $171.82 on Wednesday. The company has a market capitalization of $476.12 billion, a PE ratio of 44.28, a P/E/G ratio of 3.13 and a beta of 1.02. 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 company’s fifty day moving average is $164.71 and its 200-day moving average is $143.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.93%. Oracle’s payout ratio is 41.24%.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ORCL shares. BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Morgan Stanley lifted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Bank of America raised their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

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.