Oracle Corporation $ORCL Shares Acquired by Sanders Morris Harris LLC

by · The Markets Daily

Sanders Morris Harris LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 1,798.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,460 shares of the enterprise software provider’s stock after acquiring an additional 18,435 shares during the period. Oracle accounts for approximately 0.7% of Sanders Morris Harris LLC’s investment portfolio, making the stock its 20th biggest holding. Sanders Morris Harris LLC’s holdings in Oracle were worth $5,473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Snider Financial Group boosted its holdings in shares of Oracle by 1.3% in the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after buying an additional 40 shares in the last quarter. SNS Financial Group LLC lifted its position in Oracle by 0.9% in the second quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after acquiring an additional 42 shares during the last quarter. PKS Advisory Services LLC grew its holdings in shares of Oracle by 1.9% during the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock worth $483,000 after purchasing an additional 42 shares during the last quarter. Reyes Financial Architecture Inc. increased its position in shares of Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC lifted its holdings in shares of Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after purchasing an additional 43 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, EVP Stuart Levey sold 19,758 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the transaction, the executive vice president directly owned 18,429 shares of the company’s stock, valued at approximately $5,528,700. This trade represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maria Smith sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president directly owned 47,083 shares in the company, valued at $13,212,431.46. This trade represents a 9.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 155,190 shares of company stock valued at $45,279,001 in the last ninety days. Company insiders own 40.90% of the company’s stock.

Oracle Stock Down 5.4%

ORCL opened at $178.46 on Thursday. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The stock has a market capitalization of $512.74 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.70 and a beta of 1.66. The business has a 50 day simple moving average of $239.32 and a 200-day simple moving average of $241.81.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. The firm had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.Oracle’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 earnings per share. On average, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. Oracle’s payout ratio is currently 37.59%.

Analysts Set New Price Targets

Several research analysts have commented on ORCL shares. JPMorgan Chase & Co. reduced their price objective on Oracle from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Stifel Nicolaus reduced their price target on shares of Oracle from $350.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Wolfe Research raised their price objective on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Robert W. Baird reduced their target price on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Finally, Sanford C. Bernstein lowered their price target on Oracle from $364.00 to $339.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $302.92.

Read Our Latest Stock Analysis on ORCL

Oracle Company Profile

(Free Report)

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.

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