Federated Hermes Inc. Boosts Holdings in Oracle Corporation $ORCL

Federated Hermes Inc. boosted its stake in Oracle Corporation (NYSE:ORCL) by 136.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 193,224 shares of the enterprise software provider’s stock after purchasing an additional 111,372 shares during the period. Federated Hermes Inc.’s holdings in Oracle were worth $42,245,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gabelli Funds LLC raised its holdings in shares of Oracle by 14.7% in the 2nd quarter. Gabelli Funds LLC now owns 135,367 shares of the enterprise software provider’s stock worth $29,595,000 after purchasing an additional 17,333 shares during the period. ESG Planning DBA Harper Investing purchased a new stake in Oracle in the second quarter worth $324,000. Per Stirling Capital Management LLC. bought a new stake in shares of Oracle in the second quarter valued at $586,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Oracle by 11.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 3,733 shares of the enterprise software provider’s stock valued at $816,000 after buying an additional 392 shares during the last quarter. Finally, Stenger Family Office LLC bought a new position in shares of Oracle during the 2nd quarter worth $3,300,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the sale, the director owned 29,225 shares of the company’s stock, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the transaction, the chief executive officer owned 154,030 shares in the company, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 204,254 shares of company stock worth $60,227,807 over the last ninety days. Corporate insiders own 40.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Sanford C. Bernstein raised their target price on Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. BMO Capital Markets set a $355.00 price objective on shares of Oracle and gave the company an “outperform” rating in a research note on Monday, October 13th. Stephens increased their target price on shares of Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Citigroup reduced their price target on shares of Oracle from $415.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Rothschild & Co Redburn began coverage on shares of Oracle in a report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $320.84.

Oracle Stock Up 1.4%

ORCL opened at $220.53 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The business’s fifty day simple moving average is $251.84 and its 200 day simple moving average is $240.56. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The stock has a market cap of $628.67 billion, a PE ratio of 51.05, a P/E/G ratio of 2.47 and a beta of 1.66.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.Oracle’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. As a group, research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

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.