Texas Capital Bank Wealth Management Services Inc Has $6.19 Million Position in Oracle Co. (NYSE:ORCL)

Texas Capital Bank Wealth Management Services Inc lifted its position in Oracle Co. (NYSE:ORCLFree Report) by 2,172.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,679 shares of the enterprise software provider’s stock after buying an additional 56,097 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Oracle were worth $6,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Oracle by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after acquiring an additional 204,546 shares during the period. Invesco Ltd. lifted its stake in Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after purchasing an additional 89,876 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 1.1 %

Shares of NYSE ORCL traded up $1.34 during midday trading on Friday, reaching $123.50. The company’s stock had a trading volume of 6,179,367 shares, compared to its average volume of 6,325,513. Oracle Co. has a fifty-two week low of $97.29 and a fifty-two week high of $132.77. The stock has a 50 day simple moving average of $121.27 and a 200-day simple moving average of $114.38. The stock has a market capitalization of $339.44 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.45 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. Equities research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. Oracle’s dividend payout ratio is 42.22%.

Insiders Place Their Bets

In related news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value 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 $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 in the last 90 days. 42.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. Oppenheimer initiated coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. BMO Capital Markets lifted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.76.

Read Our Latest Research Report on ORCL

Oracle Company 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.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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