Hollencrest Capital Management Grows Position in Oracle Co. (NYSE:ORCL)

Hollencrest Capital Management lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,565 shares of the enterprise software provider’s stock after purchasing an additional 264 shares during the quarter. Hollencrest Capital Management’s holdings in Oracle were worth $1,094,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 3.0 %

Shares of Oracle stock opened at $144.29 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $403.58 billion, a P/E ratio of 35.28, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The business has a 50-day moving average price of $166.82 and a 200 day moving average price of $169.62.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research analyst reports. Barclays reduced their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday. Guggenheim reiterated a “buy” rating and issued a $220.00 target price on shares of Oracle in a report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Stifel Nicolaus reduced their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, KeyCorp reiterated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $178.92.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

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.