Oracle Co. (NYSE:ORCL) Position Boosted by Two Point Capital Management Inc.

Two Point Capital Management Inc. lifted its stake in Oracle Co. (NYSE:ORCL) by 11.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 83,913 shares of the enterprise software provider’s stock after buying an additional 8,301 shares during the quarter. Oracle accounts for approximately 4.0% of Two Point Capital Management Inc.’s holdings, making the stock its 10th largest position. Two Point Capital Management Inc.’s holdings in Oracle were worth $8,847,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ORCL. Orion Capital Management LLC bought a new position in Oracle during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle during the third quarter valued at $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its stake in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 2.1 %

Shares of ORCL traded up $2.46 during midday trading on Friday, reaching $117.35. The company had a trading volume of 6,384,555 shares, compared to its average volume of 8,450,793. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The stock has a market cap of $322.54 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. The firm has a 50 day simple moving average of $119.30 and a 200-day simple moving average of $113.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent analyst reports. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. HSBC increased their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Oppenheimer started coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group upped their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 42.80% of the company’s stock.

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.