Hexagon Capital Partners LLC Reduces Position in Oracle Co. (NYSE:ORCL)

Hexagon Capital Partners LLC lowered its stake in Oracle Co. (NYSE:ORCL) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,164 shares of the enterprise software provider’s stock after selling 531 shares during the period. Hexagon Capital Partners LLC’s holdings in Oracle were worth $397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Contour Asset Management LLC lifted its position in Oracle by 41.5% during the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the period. Sandy Spring Bank lifted its holdings in shares of Oracle by 1.4% in the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after buying an additional 1,107 shares during the period. Hancock Whitney Corp boosted its stake in shares of Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the last quarter. LVM Capital Management Ltd. MI grew its holdings in Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after acquiring an additional 200 shares during the period. Finally, Heritage Wealth Advisors raised its position in Oracle by 0.6% during the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after acquiring an additional 109 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORCL. Stifel Nicolaus lifted their target price on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Guggenheim reiterated a “buy” rating and set a $175.00 price target on shares of Oracle in a research report on Tuesday, June 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Activity at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Oracle news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,639 shares of company stock worth $53,002,729. Company insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of ORCL stock opened at $143.09 on Tuesday. The firm’s 50-day moving average is $125.24 and its two-hundred day moving average is $118.19. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.32. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a market capitalization of $394.34 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 earnings per share. Analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is 43.13%.

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.