Oracle Co. (NYSE:ORCL) Stock Holdings Raised by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 247,941 shares of the enterprise software provider’s stock after acquiring an additional 11,091 shares during the period. Oracle makes up 1.9% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 8th biggest holding. Bryn Mawr Capital Management LLC’s holdings in Oracle were worth $35,018,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors raised its holdings in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after buying an additional 82,551 shares during the period. Parnassus Investments LLC raised its holdings in shares of Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after buying an additional 2,191,342 shares during the period. Janus Henderson Group PLC grew its stake in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC grew its stake in Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares in the company, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock valued at $266,776,624 in the last quarter. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Oracle stock traded up $1.87 during mid-day trading on Friday, hitting $141.29. 7,980,679 shares of the company’s stock traded hands, compared to its average volume of 8,052,333. The firm has a 50 day moving average price of $138.57 and a 200 day moving average price of $127.17. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a market cap of $389.38 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $146.59.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. On average, equities analysts forecast that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. BMO Capital Markets raised their price objective on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. JMP Securities restated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. TD Cowen raised their price objective on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Piper Sandler restated an “overweight” rating and set a $150.00 price objective on shares of Oracle in a research note on Friday, July 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

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.