Addison Capital Co Has $10.10 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Addison Capital Co lowered its stake in Oracle Co. (NYSE:ORCL – Free Report) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 59,276 shares of the enterprise software provider’s stock after selling 346 shares during the period. Oracle accounts for approximately 4.1% of Addison Capital Co’s holdings, making the stock its 3rd biggest holding. Addison Capital Co’s holdings in Oracle were worth $10,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Itau Unibanco Holding S.A. boosted its holdings in shares of Oracle by 15.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after buying an additional 3,300 shares during the period. Goelzer Investment Management Inc. boosted its holdings in shares of Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after buying an additional 1,500 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after buying an additional 7,982 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of Oracle by 7.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after buying an additional 8,790 shares during the period. Finally, Edgestream Partners L.P. boosted its holdings in shares of Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after buying an additional 6,587 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.3 %

ORCL stock opened at $176.15 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company’s 50 day simple moving average is $155.43 and its 200-day simple moving average is $138.15. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $485.44 billion, a P/E ratio of 47.34, a P/E/G ratio of 3.29 and a beta of 1.01.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $13.23 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is presently 43.13%.

Analyst Ratings Changes

Several research analysts have recently commented on ORCL shares. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. KeyCorp boosted their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

View Our Latest Analysis on ORCL

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’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 of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.80% of the stock is currently owned by insiders.

Oracle Profile

(Free Report)

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.

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