Texas Capital Bancshares Inc TX Sells 201 Shares of Oracle Corporation $ORCL

Texas Capital Bancshares Inc TX cut its holdings in Oracle Corporation (NYSE:ORCL) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 investment portfolio, making the stock its 23rd biggest position. Texas Capital Bancshares Inc TX’s holdings in Oracle were worth $1,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWS Financial Advisors LLC lifted its stake in Oracle by 41.5% in the 1st quarter. CWS Financial Advisors LLC now owns 1,706 shares of the enterprise software provider’s stock worth $238,000 after purchasing an additional 500 shares in the last quarter. Bank OZK lifted its stake in Oracle by 388.6% in the 1st quarter. Bank OZK now owns 10,353 shares of the enterprise software provider’s stock worth $1,447,000 after purchasing an additional 8,234 shares in the last quarter. Disciplina Capital Management LLC lifted its stake in Oracle by 129.5% in the 1st quarter. Disciplina Capital Management LLC now owns 436 shares of the enterprise software provider’s stock worth $61,000 after purchasing an additional 246 shares in the last quarter. GSG Advisors LLC lifted its stake in Oracle by 3.6% in the 1st quarter. GSG Advisors LLC now owns 2,375 shares of the enterprise software provider’s stock worth $332,000 after purchasing an additional 82 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Oracle in the 1st quarter worth approximately $7,437,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Rona Alison Fairhead bought 480 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director owned 22,110 shares of the company’s stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Cowen increased their target price on shares of Oracle from $275.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Cowen restated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Mizuho raised their price objective on shares of Oracle from $245.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $227.04.

Oracle Price Performance

Shares of Oracle stock opened at $248.86 on Tuesday. The firm has a market cap of $699.01 billion, a PE ratio of 57.34, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company’s fifty day simple moving average is $231.98 and its two-hundred day simple moving average is $181.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The business 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%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. As a group, equities analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle’s payout ratio is presently 46.08%.

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.