TBH Global Asset Management LLC Has $1.31 Million Holdings in Oracle Corporation (NYSE:ORCL)

TBH Global Asset Management LLC lifted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,378 shares of the enterprise software provider's stock after purchasing an additional 1,285 shares during the period. TBH Global Asset Management LLC's holdings in Oracle were worth $1,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ORCL. Brighton Jones LLC lifted its position in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares during the last quarter. Anchor Capital Advisors LLC lifted its position in Oracle by 1.9% during the 4th quarter. Anchor Capital Advisors LLC now owns 6,006 shares of the enterprise software provider's stock worth $1,001,000 after acquiring an additional 111 shares during the last quarter. SVB Wealth LLC acquired a new position in Oracle during the 4th quarter worth $18,307,000. Finally, Maple Capital Management Inc. lifted its position in Oracle by 13.7% during the 4th quarter. Maple Capital Management Inc. now owns 5,108 shares of the enterprise software provider's stock worth $851,000 after acquiring an additional 615 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider now directly owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock valued at $83,395,223 over the last quarter. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ORCL shares. KeyCorp boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Barclays reissued an "overweight" rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Piper Sandler restated a "neutral" rating and set a $130.00 price objective on shares of Oracle in a report on Wednesday, June 11th. JMP Securities set a $240.00 price objective on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Finally, Cantor Fitzgerald dropped their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Oracle Price Performance

Shares of Oracle stock opened at $210.16 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $590.31 billion, a price-to-earnings ratio of 48.42, a P/E/G ratio of 3.15 and a beta of 1.32. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.93. The firm's 50-day moving average price is $168.42 and its two-hundred day moving average price is $162.24.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. On average, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

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.

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