Polymer Capital Management HK LTD Boosts Holdings in Oracle Co. (NYSE:ORCL)

Polymer Capital Management HK LTD lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 238.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the enterprise software provider’s stock after purchasing an additional 8,100 shares during the period. Polymer Capital Management HK LTD’s holdings in Oracle were worth $1,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ORCL. Park Avenue Securities LLC lifted its position in Oracle by 5.3% during the second quarter. Park Avenue Securities LLC now owns 23,248 shares of the enterprise software provider’s stock worth $3,283,000 after buying an additional 1,177 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Oracle by 2.7% during the 2nd quarter. Simplicity Wealth LLC now owns 48,867 shares of the enterprise software provider’s stock valued at $6,900,000 after acquiring an additional 1,307 shares during the last quarter. Csenge Advisory Group grew its holdings in shares of Oracle by 3.9% in the second quarter. Csenge Advisory Group now owns 10,320 shares of the enterprise software provider’s stock valued at $1,457,000 after purchasing an additional 387 shares during the period. Warther Private Wealth LLC acquired a new stake in Oracle during the second quarter worth about $502,000. Finally, WBH Advisory Inc. raised its stake in Oracle by 1.0% during the second quarter. WBH Advisory Inc. now owns 12,696 shares of the enterprise software provider’s stock worth $1,793,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. Citigroup raised their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. BMO Capital Markets upped their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Stifel Nicolaus raised their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Evercore ISI upped their target price on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Mizuho lifted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Up 0.8 %

Oracle stock opened at $182.89 on Wednesday. The stock’s fifty day moving average is $178.10 and its two-hundred day moving average is $152.85. The stock has a market cap of $506.80 billion, a PE ratio of 47.14, a P/E/G ratio of 3.34 and a beta of 1.03. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company posted $0.95 earnings per share. The firm’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 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio is presently 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

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.