Malaga Cove Capital LLC Has $2.78 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Malaga Cove Capital LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 15.8% in the third quarter, Holdings Channel reports. The institutional investor owned 16,319 shares of the enterprise software provider’s stock after selling 3,056 shares during the period. Oracle makes up 1.1% of Malaga Cove Capital LLC’s investment portfolio, making the stock its 28th largest holding. Malaga Cove Capital LLC’s holdings in Oracle were worth $2,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Rock Investment Company LLC raised 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 purchasing an additional 64 shares during the last quarter. W Advisors LLC raised its position in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 valued at $674,000 after acquiring an additional 65 shares during the period. Oak Ridge Investments LLC boosted its holdings in shares of Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after acquiring an additional 65 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings 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 acquiring an additional 66 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on 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 owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. DA Davidson raised their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Bank of America raised their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Guggenheim upped their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Up 5.5 %

Shares of ORCL stock opened at $181.24 on Thursday. The company’s fifty day simple moving average is $165.58 and its two-hundred day simple moving average is $143.29. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $182.10. The stock has a market cap of $502.23 billion, a P/E ratio of 46.71, a PEG ratio of 3.12 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its quarterly 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 company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Oracle 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.