Burke & Herbert Bank & Trust Co. Buys 406 Shares of Oracle Corporation (NYSE:ORCL)

Burke & Herbert Bank & Trust Co. raised its stake in Oracle Corporation (NYSE:ORCL) by 5.2% in the 1st quarter, HoldingsChannel reports. The firm owned 8,225 shares of the enterprise software provider’s stock after acquiring an additional 406 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Oracle were worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Brighton Jones LLC increased its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares in the last quarter. Assetmark Inc. increased its stake in Oracle by 374.0% in the fourth quarter. Assetmark Inc. now owns 51,033 shares of the enterprise software provider’s stock valued at $8,504,000 after purchasing an additional 40,266 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in Oracle by 8.5% in the fourth quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider’s stock valued at $4,475,000 after purchasing an additional 2,101 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 3.2%

ORCL opened at $237.39 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market cap of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $237.99. The company’s 50-day moving average price is $178.14 and its two-hundred day moving average price is $164.26.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. As a group, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle’s payout ratio is currently 46.08%.

Analysts Set New Price Targets

Several research firms have recently commented on ORCL. BMO Capital Markets boosted their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Wednesday. Cowen reissued a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Morgan Stanley reissued an “overweight” rating on shares of Oracle in a research report on Wednesday, June 18th. Oppenheimer reissued an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, KeyCorp boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.15.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director directly owned 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 440,366 shares of company stock valued at $83,103,603. 42.20% of the stock is owned by corporate insiders.

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.