Two Point Capital Management Inc. Buys 1,165 Shares of Oracle Co. (NYSE:ORCL)

Two Point Capital Management Inc. raised its position in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,535 shares of the enterprise software provider’s stock after acquiring an additional 1,165 shares during the quarter. Oracle makes up about 5.4% of Two Point Capital Management Inc.’s holdings, making the stock its 6th largest holding. Two Point Capital Management Inc.’s holdings in Oracle were worth $14,746,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new stake in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter worth $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Oracle during the 1st quarter worth $38,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle during the 2nd quarter valued at about $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup lifted their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Barclays increased their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. DA Davidson increased their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Sanford C. Bernstein raised their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Up 5.5 %

Shares of Oracle stock opened at $181.24 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $182.10. The company has a 50 day moving average of $165.58 and a 200 day moving average of $143.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $502.23 billion, a P/E ratio of 46.71, a P/E/G ratio of 3.12 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by insiders.

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.