Adell Harriman & Carpenter Inc. Increases Stock Position in Oracle Co. (NYSE:ORCL)

Adell Harriman & Carpenter Inc. increased its holdings in Oracle Co. (NYSE:ORCL) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,344 shares of the enterprise software provider’s stock after acquiring an additional 2,492 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Oracle were worth $5,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Vanguard Group Inc. grew its holdings in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after purchasing an additional 61,604 shares during the last quarter. Invesco Ltd. grew its position in shares of Oracle by 1.1% in the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after purchasing an additional 89,876 shares during the period. Finally, Wellington Management Group LLP lifted its position in Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL stock traded down $0.72 on Monday, hitting $116.49. 4,994,083 shares of the stock traded hands, compared to its average volume of 8,435,555. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a 1-year low of $93.85 and a 1-year high of $132.77. The company’s fifty day moving average is $119.42 and its 200 day moving average is $113.16. The company has a market capitalization of $320.17 billion, a PE ratio of 30.93, a PEG ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analyst Ratings Changes

A number of research firms have recently commented on ORCL. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Piper Sandler reduced their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is currently owned by insiders.

Oracle Company 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.