Hexagon Capital Partners LLC Has $390,000 Holdings in Oracle Co. (NYSE:ORCL)

Hexagon Capital Partners LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 16.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,695 shares of the enterprise software provider’s stock after acquiring an additional 533 shares during the period. Hexagon Capital Partners LLC’s holdings in Oracle were worth $390,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Sandy Spring Bank boosted its stake in Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after purchasing an additional 1,107 shares during the last quarter. LVM Capital Management Ltd. MI grew its stake in shares of Oracle by 3.5% in the 4th 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 in the last quarter. Quantum Private Wealth LLC purchased a new position in Oracle during the third quarter worth about $229,000. Cooper Financial Group grew its position in Oracle by 43.4% in the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $171,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.9 %

Shares of NYSE:ORCL traded up $1.03 during midday trading on Wednesday, hitting $114.78. 872,277 shares of the stock traded hands, compared to its average volume of 8,317,640. The stock has a market capitalization of $315.47 billion, a PE ratio of 30.01, a P/E/G ratio of 2.34 and a beta of 1.01. The business’s 50 day moving average is $119.63 and its two-hundred day moving average is $113.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a one year low of $93.85 and a one year high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. As a group, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORCL. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Piper Sandler reduced their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, January 2nd. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $130.76.

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.