Howland Capital Management LLC Acquires 480 Shares of Oracle Co. (NYSE:ORCL)

Howland Capital Management LLC lifted its holdings in Oracle Co. (NYSE:ORCLFree Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,920 shares of the enterprise software provider’s stock after purchasing an additional 480 shares during the period. Howland Capital Management LLC’s holdings in Oracle were worth $940,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORCL. Fairfield Bush & CO. lifted its stake in shares of Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after purchasing an additional 2,221 shares during the period. AMI Investment Management Inc. lifted its stake in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after purchasing an additional 579 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after purchasing an additional 132,920 shares during the period. Zions Bancorporation N.A. lifted its stake in shares of Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

ORCL stock opened at $127.36 on Thursday. The firm has a fifty day moving average price of $117.83 and a 200 day moving average price of $111.83. Oracle Co. has a fifty-two week low of $93.20 and a fifty-two week high of $132.77. 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 $350.05 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the firm posted $0.96 earnings per share. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Analyst Ratings Changes

A number of research firms have commented on ORCL. The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Piper Sandler decreased their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 2nd. Evercore ISI decreased their target price on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. Finally, KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Get Our Latest Report on ORCL

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.80% of the stock is owned by insiders.

Oracle Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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