Highland Capital Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,234 shares of the enterprise software provider's stock after purchasing an additional 2,386 shares during the quarter. Highland Capital Management LLC's holdings in Oracle were worth $10,371,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Oracle in the second quarter valued at $1,516,000. Advisory Alpha LLC bought a new stake in Oracle in the second quarter worth about $255,000. Brown Financial Advisors purchased a new position in shares of Oracle during the second quarter valued at approximately $864,000. Creekside Partners bought a new position in shares of Oracle during the second quarter valued at approximately $425,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth approximately $36,127,000. Institutional investors own 42.44% of the company's stock.
Insider Buying and Selling
In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on ORCL shares. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, December 5th. UBS Group upped their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Piper Sandler upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $182.73.
View Our Latest Analysis on ORCL
Oracle Stock Performance
Shares of ORCL traded up $8.34 during trading hours on Thursday, reaching $170.36. 11,078,374 shares of the company traded hands, compared to its average volume of 15,027,763. The stock has a market capitalization of $476.49 billion, a P/E ratio of 41.73, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day moving average price of $172.79 and a 200-day moving average price of $163.03. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.
Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. Equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.
Oracle Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio (DPR) is currently 39.12%.
Oracle Profile
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Free Report)
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.
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