Kinsale Capital Group Inc. Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Kinsale Capital Group Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,340 shares of the enterprise software provider’s stock after purchasing an additional 7,001 shares during the quarter. Oracle accounts for about 2.6% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 5th biggest holding. Kinsale Capital Group Inc.’s holdings in Oracle were worth $8,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Fairway Wealth LLC purchased a new position in Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the 1st quarter worth about $38,000. Finally, Quest Partners LLC purchased a new stake in Oracle during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL traded down $3.31 during trading hours on Friday, hitting $183.74. The stock had a trading volume of 8,986,276 shares, compared to its average volume of 8,256,067. The firm has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 3.49 and a beta of 1.02. 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 has a 50-day moving average price of $172.14 and a 200 day moving average price of $146.60. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORCL. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Royal Bank of Canada assumed coverage on shares of Oracle in a research report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective on the stock. Guggenheim boosted their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, JMP Securities raised their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’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 transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

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.