Barrow Hanley Mewhinney & Strauss LLC Buys 53,809 Shares of Oracle Co. (NYSE:ORCL)

Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,325,265 shares of the enterprise software provider’s stock after acquiring an additional 53,809 shares during the period. Oracle accounts for about 1.6% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 21st biggest position. Barrow Hanley Mewhinney & Strauss LLC owned about 0.12% of Oracle worth $469,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter worth $27,000. Westend Capital Management LLC bought a new position in Oracle in the 1st quarter valued at about $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $35,000. Finally, Tidemark LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,610,402 shares of company stock worth $230,556,257. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Stifel Nicolaus boosted their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. DA Davidson raised their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Piper Sandler increased their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.13.

Oracle Trading Up 0.2 %

Shares of ORCL stock opened at $168.00 on Friday. The stock has a 50-day moving average of $142.30 and a 200-day moving average of $131.96. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $465.52 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.21 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, equities research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.