Hodges Capital Management Inc. Invests $280,000 in Oracle Corporation $ORCL

Key Points

• Hodges Capital Management Inc. has invested $280,000 in Oracle Corporation by acquiring 2,000 shares in the first quarter.
• In the fourth quarter, several hedge funds significantly increased their stakes in Oracle, with Brighton Jones LLC raising their position by 189.3% to own 153,580 shares valued at $25.6 million.
• Oracle recently announced a quarterly dividend of $0.50 per share, with a payout ratio of 46.3%, which will be paid on October 23rd to investors of record on October 9th.

Hodges Capital Management Inc. acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the enterprise software provider's stock, valued at approximately $280,000.

A number of other hedge funds have also added to or reduced their stakes in ORCL. Brighton Jones LLC grew its position in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. ProShare Advisors LLC grew its position in Oracle by 6.1% in the fourth quarter. ProShare Advisors LLC now owns 366,034 shares of the enterprise software provider's stock valued at $60,996,000 after purchasing an additional 20,991 shares in the last quarter. Sig Brokerage LP bought a new position in Oracle in the fourth quarter valued at $498,000. Finally, Shell Asset Management Co. grew its position in Oracle by 205.3% in the fourth quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider's stock valued at $3,709,000 after purchasing an additional 14,968 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,183 shares of company stock worth $10,353,198 in the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock opened at $292.07 on Friday. The company has a market capitalization of $820.38 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The company has a 50-day simple moving average of $244.69 and a 200 day simple moving average of $190.37. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. On average, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's payout ratio is presently 46.30%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ORCL shares. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. BNP Paribas set a $377.00 price objective on shares of Oracle in a research report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler lifted their price objective on shares of Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, DA Davidson lifted their price objective on shares of Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $296.84.

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.