Smith Anglin Financial LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Smith Anglin Financial LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 16.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,602 shares of the enterprise software provider’s stock after acquiring an additional 634 shares during the period. Smith Anglin Financial LLC’s holdings in Oracle were worth $358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baldrige Asset Management LLC bought a new stake in shares of Oracle during the 2nd quarter worth $28,000. Cowen Prime Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter worth $31,000. tru Independence LLC bought a new stake in Oracle in the second quarter worth $37,000. Harbour Investments Inc. bought a new stake in Oracle in the first quarter worth $34,000. Finally, McCarthy Asset Management Inc. lifted its stake in Oracle by 214.3% in the second quarter. McCarthy Asset Management Inc. now owns 484 shares of the enterprise software provider’s stock worth $38,000 after purchasing an additional 330 shares during the last quarter. 44.47% of the stock is owned by institutional investors.

In other Oracle news, Director Michael J. Boskin sold 37,500 shares of the stock in a transaction that occurred on Friday, June 18th. The shares were sold at an average price of $76.66, for a total value of $2,874,750.00. Following the transaction, the director now directly owns 115,662 shares in the company, valued at $8,866,648.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 150,000 shares of the stock in a transaction that occurred on Tuesday, June 29th. The stock was sold at an average price of $78.21, for a total transaction of $11,731,500.00. Following the completion of the transaction, the executive vice president now owns 150,000 shares in the company, valued at $11,731,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,000 shares of company stock worth $30,231,050. 39.10% of the stock is owned by insiders.

Several equities analysts have recently commented on ORCL shares. Morgan Stanley upped their price objective on shares of Oracle from $73.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 16th. Monness Crespi & Hardt upped their price objective on shares of Oracle to $115.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler upped their price objective on shares of Oracle from $57.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, June 16th. DZ Bank downgraded shares of Oracle from a “hold” rating to a “sell” rating and set a $82.00 price objective for the company. in a research note on Tuesday, August 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Oracle from $60.00 to $66.00 and gave the company a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.38.

ORCL traded up $1.80 during midday trading on Wednesday, reaching $88.19. The company’s stock had a trading volume of 607,525 shares, compared to its average volume of 11,780,113. The stock’s 50-day moving average is $88.73 and its 200-day moving average is $80.39. The firm has a market capitalization of $246.23 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.53 and a beta of 0.80. Oracle Co. has a 1 year low of $55.14 and a 1 year high of $91.78. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 12.77.

Oracle (NYSE:ORCL) last issued its earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.77 billion. Oracle had a net margin of 33.96% and a return on equity of 146.83%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 4.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.45%. Oracle’s dividend payout ratio (DPR) is 30.77%.

About Oracle

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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