Sanders Morris Harris LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,460 shares of the enterprise software provider’s stock, valued at approximately $1,126,000.

Several other hedge funds have also recently modified their holdings of the business. Mission Wealth Management LP lifted its holdings in shares of Oracle by 13.4% in the 3rd quarter. Mission Wealth Management LP now owns 20,235 shares of the enterprise software provider’s stock worth $1,208,000 after buying an additional 2,384 shares during the period. Arden Trust Co lifted its holdings in shares of Oracle by 8.2% in the 3rd quarter. Arden Trust Co now owns 43,005 shares of the enterprise software provider’s stock worth $2,567,000 after buying an additional 3,272 shares during the period. Vigilant Capital Management LLC lifted its holdings in shares of Oracle by 23.1% in the 3rd quarter. Vigilant Capital Management LLC now owns 1,231 shares of the enterprise software provider’s stock worth $73,000 after buying an additional 231 shares during the period. Diversified Trust Co lifted its holdings in shares of Oracle by 18.3% in the 3rd quarter. Diversified Trust Co now owns 22,356 shares of the enterprise software provider’s stock worth $1,335,000 after buying an additional 3,464 shares during the period. Finally, Coastline Trust Co lifted its holdings in shares of Oracle by 1.7% in the 3rd quarter. Coastline Trust Co now owns 83,406 shares of the enterprise software provider’s stock worth $4,980,000 after buying an additional 1,366 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

A number of equities research analysts recently weighed in on ORCL shares. Barclays upped their price objective on Oracle from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 8th. Stifel Nicolaus upped their price objective on Oracle from $48.00 to $56.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, September 11th. Piper Sandler upped their price objective on Oracle from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Oracle in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $60.25.

In related news, CAO W Corey West sold 7,021 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $61.02, for a total transaction of $428,421.42. Following the sale, the chief accounting officer now directly owns 292,474 shares of the company’s stock, valued at $17,846,763.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 112,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $60.95, for a total value of $6,856,875.00. Following the sale, the executive vice president now directly owns 112,500 shares in the company, valued at $6,856,875. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,673 shares of company stock worth $7,906,167. 36.60% of the stock is owned by corporate insiders.

Shares of ORCL stock traded down $0.23 during mid-day trading on Friday, reaching $60.29. The stock had a trading volume of 6,070,963 shares, compared to its average volume of 13,511,885. The business’s fifty day moving average is $58.95 and its 200-day moving average is $55.19. The company has a current ratio of 2.66, a quick ratio of 3.03 and a debt-to-equity ratio of 6.68. The firm has a market cap of $181.53 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.44 and a beta of 0.83. Oracle Co. has a 1-year low of $39.71 and a 1-year high of $62.60.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 10th. The enterprise software provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.15 billion. Oracle had a return on equity of 85.71% and a net margin of 26.13%. During the same period in the prior year, the company earned $0.81 earnings per share. On average, analysts forecast that Oracle Co. will post 3.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 8th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, October 7th. Oracle’s dividend payout ratio (DPR) is 27.75%.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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