Brown Brothers Harriman & Co. Has $503.31 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Brown Brothers Harriman & Co. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,564,495 shares of the enterprise software provider’s stock after selling 55,916 shares during the quarter. Oracle makes up approximately 3.8% of Brown Brothers Harriman & Co.’s holdings, making the stock its 6th largest position. Brown Brothers Harriman & Co. owned 0.13% of Oracle worth $503,307,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Contour Asset Management LLC boosted its stake in Oracle by 41.5% during the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after acquiring an additional 643,490 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after purchasing an additional 3,291 shares in the last quarter. Heritage Wealth Advisors grew its stake in shares of Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares during the last quarter. Seven Mile Advisory grew its stake in shares of Oracle by 10.6% in the fourth quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after acquiring an additional 502 shares during the last quarter. Finally, Goelzer Investment Management Inc. increased its stake in Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent analyst reports. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Barclays lifted their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price target on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Piper Sandler upped their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $161.13.

Oracle Stock Performance

Shares of ORCL stock opened at $162.03 on Monday. The firm has a market cap of $446.53 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.89 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.93. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company’s 50 day moving average is $139.85 and its 200 day moving average is $130.16.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last 90 days. 42.80% 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.