Kinsale Capital Group Inc. Has $8.75 Million Stock Position in Oracle Co. (NYSE:ORCL)

Kinsale Capital Group Inc. grew its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,340 shares of the enterprise software provider's stock after purchasing an additional 7,001 shares during the quarter. Oracle makes up approximately 2.6% of Kinsale Capital Group Inc.'s holdings, making the stock its 5th biggest holding. Kinsale Capital Group Inc.'s holdings in Oracle were worth $8,748,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ORCL. Blue Barn Wealth LLC acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $218,000. Patten & Patten Inc. TN boosted its position in shares of Oracle by 13.8% during the first quarter. Patten & Patten Inc. TN now owns 9,018 shares of the enterprise software provider's stock worth $1,133,000 after purchasing an additional 1,096 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider's stock valued at $1,730,000 after buying an additional 6,587 shares during the period. Jacobi Capital Management LLC increased its position in shares of Oracle by 8.5% in the 1st quarter. Jacobi Capital Management LLC now owns 14,204 shares of the enterprise software provider's stock valued at $1,784,000 after buying an additional 1,109 shares in the last quarter. Finally, Catalytic Wealth RIA LLC raised its stake in Oracle by 11.7% during the 1st quarter. Catalytic Wealth RIA LLC now owns 7,469 shares of the enterprise software provider's stock worth $938,000 after buying an additional 780 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group reaffirmed a "market outperform" rating on shares of Oracle in a research note on Friday, October 18th. Stifel Nicolaus increased their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $169.52.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL stock traded down $3.31 during trading hours on Friday, hitting $183.74. 8,986,276 shares of the stock were exchanged, compared to its average volume of 8,256,067. The company has a 50-day simple moving average of $172.14 and a two-hundred day simple moving average of $146.60. The firm has a market capitalization of $509.15 billion, a P/E ratio of 47.35, a P/E/G ratio of 3.49 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The firm 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 business's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle's dividend payout ratio is 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.