DGS Capital Management LLC Boosts Position in Oracle Co. (NYSE:ORCL)

DGS Capital Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,486 shares of the enterprise software provider’s stock after purchasing an additional 399 shares during the quarter. DGS Capital Management LLC’s holdings in Oracle were worth $1,105,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Copley Financial Group Inc. bought a new position in Oracle during the 3rd quarter valued at about $546,000. Oddo BHF Asset Management Sas bought a new stake in shares of Oracle in the third quarter worth $1,242,000. Capasso Planning Partners LLC purchased a new stake in Oracle during the third quarter valued at $207,000. Inspire Trust Co. N.A. lifted its holdings in Oracle by 11.7% in the third quarter. Inspire Trust Co. N.A. now owns 30,729 shares of the enterprise software provider’s stock valued at $5,236,000 after acquiring an additional 3,207 shares during the period. Finally, American Trust purchased a new position in shares of Oracle in the third quarter worth approximately $223,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. KeyCorp raised their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Bank of America lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Twelve analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.63.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $1.70 during trading on Friday, reaching $173.62. 1,516,087 shares of the company’s stock traded hands, compared to its average volume of 8,372,963. Oracle Co. has a 12 month low of $99.36 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 0.72. The stock has a market capitalization of $485.61 billion, a P/E ratio of 42.86, a price-to-earnings-growth ratio of 3.32 and a beta of 1.03. The company has a 50 day moving average of $180.36 and a 200-day moving average of $155.36.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. On average, equities analysts expect that Oracle Co. will post 5.17 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is 39.12%.

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.