Burke & Herbert Bank & Trust Co. Has $1.15 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Burke & Herbert Bank & Trust Co. boosted its position in Oracle Corporation (NYSE:ORCL) by 5.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,225 shares of the enterprise software provider’s stock after purchasing an additional 406 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Oracle were worth $1,150,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, Guggenheim raised their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $204.15.

Oracle Price Performance

Shares of NYSE:ORCL opened at $237.39 on Friday. The firm has a market cap of $666.79 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. The firm’s fifty day moving average is $178.14 and its 200-day moving average is $164.26. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $1.63 earnings per share. Sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.84%. Oracle’s payout ratio is 46.08%.

Insider Activity

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock worth $83,103,603 in the last three months. Corporate insiders own 42.20% 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.