TrimTabs Asset Management LLC Makes New $1.30 Million Investment in Oracle Co. (NYSE:ORCL)

TrimTabs Asset Management LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,551 shares of the enterprise software provider’s stock, valued at approximately $1,303,000.

Several other institutional investors have also modified their holdings of ORCL. Norges Bank purchased a new position in shares of Oracle during the fourth quarter worth $1,107,842,000. Nuveen Asset Management LLC raised its holdings in shares of Oracle by 41.6% during the fourth quarter. Nuveen Asset Management LLC now owns 11,363,258 shares of the enterprise software provider’s stock worth $735,090,000 after purchasing an additional 3,340,696 shares during the last quarter. Swedbank purchased a new position in shares of Oracle during the fourth quarter worth $108,960,000. Clearbridge Investments LLC raised its holdings in shares of Oracle by 25.4% during the fourth quarter. Clearbridge Investments LLC now owns 7,115,625 shares of the enterprise software provider’s stock worth $460,310,000 after purchasing an additional 1,443,004 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Oracle by 24,589.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 1,125,594 shares of the enterprise software provider’s stock worth $72,815,000 after purchasing an additional 1,121,035 shares during the last quarter. 47.54% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on ORCL. Barclays upgraded shares of Oracle from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $80.00 in a research report on Thursday, March 11th. Jefferies Financial Group set a $65.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a research report on Thursday, March 11th. Piper Sandler upped their price objective on shares of Oracle from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, December 11th. Stifel Nicolaus upped their price objective on shares of Oracle from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, March 17th. Finally, Evercore ISI initiated coverage on shares of Oracle in a research report on Monday, March 22nd. They issued an “in-line” rating and a $66.00 price objective for the company. One equities 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.04.

In other news, CEO Safra Catz sold 1,013,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $66.42, for a total value of $67,283,460.00. Following the transaction, the chief executive officer now directly owns 1,778,592 shares in the company, valued at approximately $118,134,080.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the completion of the transaction, the insider now owns 400,000 shares in the company, valued at $28,012,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,763,000 shares of company stock worth $251,378,960. Company insiders own 39.10% of the company’s stock.

Shares of Oracle stock traded up $1.04 during mid-day trading on Thursday, hitting $75.11. The stock had a trading volume of 343,740 shares, compared to its average volume of 12,720,444. The firm has a 50-day moving average of $67.54 and a two-hundred day moving average of $62.24. Oracle Co. has a 12-month low of $50.86 and a 12-month high of $74.89. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 7.37. The firm has a market cap of $216.58 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.05. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The business had revenue of $10.09 billion during the quarter, compared to analysts’ expectations of $10.07 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 3.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th will be issued a $0.32 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, April 7th. Oracle’s dividend payout ratio is currently 27.75%.

Oracle Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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