Huber Capital Management LLC Acquires 24,000 Shares of Oracle Co. (NYSE:ORCL)

Huber Capital Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,300 shares of the enterprise software provider's stock after acquiring an additional 24,000 shares during the period. Oracle accounts for about 2.3% of Huber Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Huber Capital Management LLC's holdings in Oracle were worth $11,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd purchased a new position in shares of Oracle in the 4th quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $34,000. TFC Financial Management Inc. lifted its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORCL. Bank of America decreased their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Barclays cut their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus dropped their price objective on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $178.65.

Remove Ads

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded down $8.82 during trading hours on Thursday, reaching $137.04. The stock had a trading volume of 14,415,576 shares, compared to its average volume of 9,065,643. The stock has a market capitalization of $383.30 billion, a PE ratio of 33.51, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a 50 day moving average price of $161.16 and a two-hundred day moving average price of $169.62. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, April 10th. Oracle's payout ratio is presently 46.95%.

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.