Huber Capital Management LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Huber Capital Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 53.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,300 shares of the enterprise software provider’s stock after acquiring an additional 24,000 shares during the quarter. Oracle comprises 2.3% of Huber Capital Management LLC’s portfolio, making the stock its 17th largest holding. Huber Capital Management LLC’s holdings in Oracle were worth $11,548,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Uniting Wealth Partners LLC purchased a new position in Oracle during the fourth quarter valued at $227,000. Pitcairn Co. lifted its position in Oracle by 3.4% during the 4th quarter. Pitcairn Co. now owns 17,754 shares of the enterprise software provider’s stock valued at $2,959,000 after acquiring an additional 584 shares during the period. ExodusPoint Capital Management LP bought a new stake in Oracle during the fourth quarter worth about $12,605,000. Grant Private Wealth Management Inc bought a new position in shares of Oracle during the fourth quarter valued at approximately $283,000. Finally, Selway Asset Management lifted its holdings in shares of Oracle by 0.5% during the fourth quarter. Selway Asset Management now owns 38,775 shares of the enterprise software provider’s stock valued at $6,461,000 after purchasing an additional 200 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. DA Davidson reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Stifel Nicolaus lowered their price target on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Piper Sandler cut their price objective on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Trading Up 2.8 %

ORCL opened at $145.96 on Thursday. The stock’s 50 day moving average price is $162.14 and its 200-day moving average price is $169.85. 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 quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $408.24 billion, a price-to-earnings ratio of 35.69, a P/E/G ratio of 3.46 and a beta of 1.07.

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

Oracle Increases Dividend

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

About Oracle

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.