Texas Capital Bancshares Inc TX Lowers Stake in Oracle Corporation $ORCL

Texas Capital Bancshares Inc TX reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.6% in the first quarter, HoldingsChannel reports. The fund owned 7,619 shares of the enterprise software provider’s stock after selling 201 shares during the period. Oracle accounts for 0.5% of Texas Capital Bancshares Inc TX’s portfolio, making the stock its 23rd biggest holding. Texas Capital Bancshares Inc TX’s holdings in Oracle were worth $1,065,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ORCL. Brighton Jones LLC lifted its position in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after acquiring an additional 100,494 shares during the period. Revolve Wealth Partners LLC raised its holdings 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 worth $903,000 after buying an additional 404 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Oracle by 2.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 321,290 shares of the enterprise software provider’s stock worth $53,540,000 after buying an additional 6,729 shares during the last quarter. Transce3nd LLC purchased a new position in Oracle in the fourth quarter worth about $272,000. Finally, Tradition Wealth Management LLC raised its holdings in Oracle by 6.4% in the fourth quarter. Tradition Wealth Management LLC now owns 5,426 shares of the enterprise software provider’s stock worth $904,000 after buying an additional 327 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 444,183 shares of company stock valued at $86,521,198. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 0.2%

Shares of Oracle stock opened at $248.86 on Tuesday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $699.01 billion, a P/E ratio of 57.34, a P/E/G ratio of 3.71 and a beta of 1.43. The company has a fifty day moving average of $231.98 and a 200 day moving average of $181.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle’s payout ratio is presently 46.08%.

Analyst Ratings Changes

Several brokerages have issued reports on ORCL. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Scotiabank began coverage on shares of Oracle in a report on Thursday, July 17th. They issued a “sector outperform” rating and a $300.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Finally, Piper Sandler raised shares of Oracle from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $227.04.

About Oracle

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.