Huber Capital Management LLC Acquires 24,000 Shares of Oracle Co. (NYSE:ORCL)

Huber Capital Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 53.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,300 shares of the enterprise software provider’s stock after purchasing an additional 24,000 shares during the quarter. Oracle makes up about 2.3% of Huber Capital Management LLC’s holdings, making the stock its 17th biggest position. Huber Capital Management LLC’s holdings in Oracle were worth $11,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Second Line Capital LLC grew its holdings in Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after buying an additional 58 shares in the last quarter. Requisite Capital Management LLC grew its stake in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. raised its holdings in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. McLean Asset Management Corp lifted its position in shares of Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC boosted its holdings in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $145.96 on Thursday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $408.24 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 3.46 and a beta of 1.07. The company’s fifty day moving average price is $162.14 and its 200-day moving average price is $169.85.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s dividend payout ratio is 46.95%.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on ORCL shares. JPMorgan Chase & Co. dropped their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Cantor Fitzgerald dropped their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Piper Sandler reduced their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley reduced their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $178.65.

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.