Huber Capital Management LLC Purchases 13,818 Shares of Oracle Co. (NYSE:ORCL)

Huber Capital Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 70.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,300 shares of the enterprise software provider’s stock after purchasing an additional 13,818 shares during the period. Huber Capital Management LLC’s holdings in Oracle were worth $4,702,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $27,000. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter valued at approximately $25,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle in the 2nd quarter worth about $35,000. Finally, Tidemark LLC bought a new position in Oracle in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.2 %

Shares of Oracle stock opened at $167.96 on Friday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The firm’s 50 day simple moving average is $142.30 and its two-hundred day simple moving average is $131.81. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $465.41 billion, a price-to-earnings ratio of 45.27, a PEG ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Piper Sandler increased their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Argus raised their price target on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.88.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Oracle news, insider Edward Screven sold 37,221 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders have sold a total of 1,610,402 shares of company stock worth $230,556,257 over the last quarter. Insiders own 42.80% of the company’s stock.

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.