May Hill Capital LLC Purchases Shares of 3,386 Oracle Co. (NYSE:ORCL)

May Hill Capital LLC acquired a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,386 shares of the enterprise software provider’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Second Line Capital LLC raised its position in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares in the last quarter. Requisite Capital Management LLC grew its stake in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. raised its holdings in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after purchasing an additional 60 shares in the last quarter. McLean Asset Management Corp lifted its stake in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares during the last quarter. Finally, Warther Private Wealth LLC boosted its holdings in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after buying an additional 63 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on ORCL. Bank of America dropped their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Guggenheim reissued a “buy” rating and issued a $220.00 price target on shares of Oracle in a research note on Wednesday, March 5th. DA Davidson restated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.00.

Oracle Price Performance

Shares of ORCL opened at $140.07 on Tuesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $391.77 billion, a PE ratio of 34.25, a PEG ratio of 3.46 and a beta of 1.07. The firm’s 50 day moving average price is $163.52 and its 200 day moving average price is $170.16. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for 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 revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

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.