Oracle Corporation $ORCL Shares Bought by Huber Capital Management LLC

Huber Capital Management LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 32.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,100 shares of the enterprise software provider’s stock after purchasing an additional 22,800 shares during the period. Oracle accounts for 2.4% of Huber Capital Management LLC’s portfolio, making the stock its 13th biggest position. Huber Capital Management LLC’s holdings in Oracle were worth $12,877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the period. Northern Trust Corp increased its holdings in shares of Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Polen Capital Management LLC increased its holdings in shares of Oracle by 17.6% in the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider’s stock worth $1,762,878,000 after acquiring an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Oracle by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider’s stock worth $1,534,624,000 after acquiring an additional 94,236 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,183 shares of company stock valued at $86,521,198. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ORCL. Piper Sandler raised shares of Oracle from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. DA Davidson increased their price objective on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Citigroup upgraded shares of Oracle from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Stifel Nicolaus upgraded shares of Oracle from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $250.00 in a report on Monday, June 30th. Finally, Guggenheim increased their price objective on shares of Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $227.04.

Oracle Stock Performance

NYSE:ORCL opened at $235.87 on Thursday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a 50-day moving average of $236.89 and a 200-day moving average of $184.08. The firm has a market cap of $662.51 billion, a price-to-earnings ratio of 54.35, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

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.