Texas Capital Bank Wealth Management Services Inc Acquires 1,359 Shares of Oracle Co. (NYSE:ORCL)

Texas Capital Bank Wealth Management Services Inc lifted its holdings in Oracle Co. (NYSE:ORCL) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,451 shares of the enterprise software provider’s stock after buying an additional 1,359 shares during the period. Oracle comprises 1.0% of Texas Capital Bank Wealth Management Services Inc’s holdings, making the stock its 19th largest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Oracle were worth $9,524,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ORCL. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Oracle by 10.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 9,374 shares of the enterprise software provider’s stock worth $1,324,000 after purchasing an additional 857 shares during the last quarter. Susquehanna International Group Ltd. bought a new position in shares of Oracle during the second quarter valued at approximately $4,597,000. Susquehanna Fundamental Investments LLC purchased a new position in Oracle during the second quarter valued at approximately $1,516,000. Security National Bank of SO Dak lifted its holdings in Oracle by 1.6% during the second quarter. Security National Bank of SO Dak now owns 32,192 shares of the enterprise software provider’s stock worth $4,546,000 after buying an additional 513 shares during the period. Finally, Legal & General Group Plc boosted its position in Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after acquiring an additional 296,866 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred 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 approximately $7,076,685. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred 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 directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. 42.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Morgan Stanley upped their price target on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. UBS Group increased their price target on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Oracle Price Performance

NYSE:ORCL opened at $168.67 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The stock’s 50-day moving average price is $144.96 and its 200-day moving average price is $133.69. The stock has a market capitalization of $464.82 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Oracle 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.