Team Hewins LLC Buys Shares of 18,772 Oracle Co. (NYSE:ORCL)

Team Hewins LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,772 shares of the enterprise software provider's stock, valued at approximately $1,979,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider's stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. Northern Trust Corp boosted its holdings in shares of Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider's stock valued at $1,982,630,000 after purchasing an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Oracle by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider's stock valued at $1,223,775,000 after purchasing an additional 204,546 shares during the period. Norges Bank bought a new position in Oracle in the fourth quarter worth approximately $1,210,181,000. Finally, Invesco Ltd. raised its stake in Oracle by 1.1% in the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider's stock worth $897,342,000 after buying an additional 89,876 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, CEO Safra Catz sold 790,000 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company's stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 880,000 shares of company stock valued at $110,488,150. Corporate insiders own 42.80% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded down $0.51 during trading on Thursday, reaching $124.09. The company's stock had a trading volume of 6,018,172 shares, compared to its average volume of 8,009,451. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $341.06 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 2.90 and a beta of 1.03. Oracle Co. has a twelve month low of $97.29 and a twelve month high of $132.77. The business's fifty day moving average price is $121.40 and its 200-day moving average price is $114.83.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle's dividend payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORCL. HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. William Blair raised Oracle from a "market perform" rating to an "outperform" rating in a research report on Tuesday, March 12th. StockNews.com raised Oracle from a "hold" rating to a "buy" rating in a research report on Thursday, May 9th. Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They set a "market perform" rating on the stock. Finally, Argus raised Oracle from a "hold" rating to a "buy" rating in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $130.76.

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.

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