Brown Brothers Harriman & Co. Has $595.48 Million Position in Oracle Co. (NYSE:ORCL)

Brown Brothers Harriman & Co. reduced its holdings in Oracle Co. (NYSE:ORCL) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,494,599 shares of the enterprise software provider’s stock after selling 69,896 shares during the quarter. Oracle makes up 4.0% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 4th biggest position. Brown Brothers Harriman & Co. owned approximately 0.13% of Oracle worth $595,480,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Waverly Advisors LLC lifted its stake in Oracle by 78.0% in the first quarter. Waverly Advisors LLC now owns 13,807 shares of the enterprise software provider’s stock valued at $1,734,000 after buying an additional 6,049 shares during the last quarter. Oxford Wealth Group LLC bought a new stake in Oracle in the 1st quarter valued at about $1,498,000. Dynasty Wealth Management LLC acquired a new position in Oracle during the 1st quarter valued at about $1,840,000. B. Riley Wealth Advisors Inc. grew its position in Oracle by 3.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 52,466 shares of the enterprise software provider’s stock worth $6,590,000 after purchasing an additional 1,509 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its stake in shares of Oracle by 13.9% in the first quarter. Meiji Yasuda Life Insurance Co now owns 18,110 shares of the enterprise software provider’s stock valued at $2,275,000 after purchasing an additional 2,216 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

NYSE ORCL opened at $192.29 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. The company has a market cap of $532.85 billion, a PE ratio of 49.56, a PEG ratio of 3.54 and a beta of 1.02. The stock’s 50-day moving average price is $175.62 and its two-hundred day moving average price is $149.64.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Mizuho boosted their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Monday, September 16th. Royal Bank of Canada assumed coverage on shares of Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective on the stock. Finally, TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.52.

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.