Hilton Capital Management LLC Has $446,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Hilton Capital Management LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 95.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,617 shares of the enterprise software provider’s stock after selling 50,007 shares during the period. Hilton Capital Management LLC’s holdings in Oracle were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vident Advisory LLC boosted its holdings in Oracle by 5.8% in the first quarter. Vident Advisory LLC now owns 32,284 shares of the enterprise software provider’s stock worth $4,055,000 after purchasing an additional 1,758 shares in the last quarter. CreativeOne Wealth LLC increased its stake in Oracle by 48.0% during the first quarter. CreativeOne Wealth LLC now owns 9,419 shares of the enterprise software provider’s stock valued at $1,183,000 after acquiring an additional 3,056 shares during the period. EP Wealth Advisors LLC increased its position in shares of Oracle by 2.5% during the first quarter. EP Wealth Advisors LLC now owns 51,493 shares of the enterprise software provider’s stock valued at $6,468,000 after purchasing an additional 1,269 shares during the period. Axxcess Wealth Management LLC raised its stake in shares of Oracle by 6.7% in the 1st quarter. Axxcess Wealth Management LLC now owns 26,458 shares of the enterprise software provider’s stock valued at $3,323,000 after buying an additional 1,667 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Oracle by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 67,192 shares of the enterprise software provider’s stock worth $8,440,000 after purchasing an additional 2,845 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Guggenheim increased their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI lifted their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Price Performance

Shares of NYSE ORCL opened at $190.76 on Thursday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day simple moving average is $174.39 and its 200 day simple moving average is $148.37. The stock has a market cap of $528.61 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Oracle’s dividend payout ratio is currently 41.24%.

About Oracle

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.