Federated Hermes Inc. Has $42.25 Million Stock Position in Oracle Corporation $ORCL

Federated Hermes Inc. raised its position in shares of Oracle Corporation (NYSE:ORCL) by 136.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 193,224 shares of the enterprise software provider’s stock after purchasing an additional 111,372 shares during the quarter. Federated Hermes Inc.’s holdings in Oracle were worth $42,245,000 at the end of the most recent quarter.

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

Oracle Stock Performance

Shares of ORCL opened at $220.53 on Tuesday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50 day moving average price of $251.84 and a two-hundred day moving average price of $240.56. The firm has a market capitalization of $628.67 billion, a P/E ratio of 51.05, a P/E/G ratio of 2.47 and a beta of 1.66.

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

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. Barclays set a $330.00 target price on Oracle in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. Bank of America upgraded shares of Oracle from a “neutral” rating to a “buy” rating and boosted their target price for the company from $295.00 to $368.00 in a research report on Wednesday, September 10th. 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 report on Thursday. Finally, Redburn Partners set a $175.00 price target on shares of Oracle in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $320.84.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 5,000 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares in the company, valued at approximately $13,212,431.46. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 154,030 shares in the company, valued at approximately $42,610,859.20. This represents 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 valued at $60,227,807 over the last 90 days. 40.90% of the stock is currently owned by company insiders.

Oracle Company 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.