Yarbrough Capital LLC Purchases 17,216 Shares of Oracle Corporation $ORCL

Yarbrough Capital LLC grew its holdings in Oracle Corporation (NYSE:ORCL) by 577.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,198 shares of the enterprise software provider’s stock after purchasing an additional 17,216 shares during the quarter. Yarbrough Capital LLC’s holdings in Oracle were worth $5,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Oracle during the 2nd quarter valued at $4,275,378,000. Vanguard Group Inc. increased its holdings in Oracle by 2.1% in the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after purchasing an additional 3,353,461 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Oracle in the second quarter valued at about $731,512,000. Invesco Ltd. boosted its holdings in Oracle by 42.1% during the second quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock worth $1,932,507,000 after buying an additional 2,619,722 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Oracle by 840.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock worth $463,380,000 after buying an additional 1,894,157 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the transaction, the executive vice president directly owned 47,083 shares of the company’s stock, valued at approximately $13,212,431.46. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 49,365 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the sale, the director directly owned 151,999 shares in the company, valued at $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 146,346 shares of company stock worth $39,082,996. 40.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. Citigroup reiterated a “market outperform” rating on shares of Oracle in a research report on Wednesday, December 17th. Evercore ISI lifted their price target on shares of Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Piper Sandler decreased their price target on shares of Oracle from $380.00 to $290.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Thursday, December 11th. Finally, Redburn Partners set a $175.00 target price on Oracle in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $307.72.

Oracle Stock Down 1.2%

ORCL stock opened at $194.87 on Friday. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $559.89 billion, a P/E ratio of 36.63, a P/E/G ratio of 1.75 and a beta of 1.65. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The business has a 50-day moving average of $217.93 and a 200-day moving average of $242.52.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.64 by $0.62. The firm had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. Oracle’s dividend payout ratio (DPR) is 37.59%.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.