HB Wealth Management LLC Acquires 7,793 Shares of Oracle Co. (NYSE:ORCL)

HB Wealth Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCLGet Rating) by 7.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 108,449 shares of the enterprise software provider’s stock after purchasing an additional 7,793 shares during the quarter. HB Wealth Management LLC’s holdings in Oracle were worth $7,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ORCL. GSA Capital Partners LLP bought a new stake in shares of Oracle in the 4th quarter worth approximately $417,000. Blair William & Co. IL increased its stake in shares of Oracle by 0.4% in the 4th quarter. Blair William & Co. IL now owns 208,178 shares of the enterprise software provider’s stock valued at $18,155,000 after buying an additional 818 shares during the period. Rowland & Co. Investment Counsel ADV bought a new position in shares of Oracle in the 4th quarter worth $177,000. Summit Global Investments lifted its holdings in Oracle by 0.9% during the fourth quarter. Summit Global Investments now owns 27,775 shares of the enterprise software provider’s stock worth $2,422,000 after acquiring an additional 256 shares in the last quarter. Finally, Mmbg Investment Advisors CO. bought a new stake in shares of Oracle in the fourth quarter valued at about $453,000. Institutional investors own 41.92% of the company’s stock.

Oracle Price Performance

Oracle stock traded down $2.07 during midday trading on Friday, reaching $63.96. 297,210 shares of the company traded hands, compared to its average volume of 9,975,058. The firm has a market capitalization of $172.41 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87. The business has a 50 day moving average of $74.89 and a two-hundred day moving average of $74.58. Oracle Co. has a 12 month low of $63.76 and a 12 month high of $106.34.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings data on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). The firm had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.44 billion. Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. As a group, equities analysts forecast that Oracle Co. will post 4.13 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, October 11th. This represents a $1.28 annualized dividend and a yield of 2.00%. Oracle’s dividend payout ratio (DPR) is currently 60.95%.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on Oracle from $82.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, September 13th. Piper Sandler reiterated a “hold” rating and set a $70.00 price target on shares of Oracle in a report on Tuesday, September 13th. Cowen decreased their price objective on Oracle from $107.00 to $98.00 and set an “outperform” rating for the company in a report on Thursday, June 9th. Stifel Nicolaus decreased their price objective on Oracle from $83.00 to $72.00 in a report on Tuesday, June 14th. Finally, UBS Group set a $75.00 price objective on Oracle in a report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Hold” and a consensus price target of $88.67.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 419,174 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now owns 2,492,613 shares in the company, valued at $172,538,671.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.10% of the stock is owned by company insiders.

Oracle Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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