Cwm LLC Cuts Stake in Oracle Co. (NYSE:ORCL)

Cwm LLC reduced its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,314 shares of the enterprise software provider’s stock after selling 7,413 shares during the quarter. Cwm LLC’s holdings in Oracle were worth $39,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Invst LLC raised its holdings in shares of Oracle by 2.7% in the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after acquiring an additional 86 shares in the last quarter. Nemes Rush Group LLC raised its holdings in shares of Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after acquiring an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC raised its holdings in shares of Oracle by 1.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after acquiring an additional 90 shares in the last quarter. Sovereign Financial Group Inc. raised its holdings in shares of Oracle by 2.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after acquiring an additional 90 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. raised its holdings in shares of Oracle by 0.3% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after acquiring an additional 90 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. DA Davidson reiterated a “neutral” rating and issued a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. Citigroup dropped their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. JPMorgan Chase & Co. boosted their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Bank of America boosted their price target on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, Mizuho boosted their price target on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.79.

Read Our Latest Research Report on ORCL

Oracle Trading Up 2.4 %

Shares of NYSE:ORCL traded up $3.33 during midday trading on Wednesday, reaching $144.64. 11,629,395 shares of the company’s stock were exchanged, compared to its average volume of 10,250,644. The firm’s 50 day simple moving average is $121.81 and its two-hundred day simple moving average is $116.50. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $145.06. The stock has a market cap of $397.54 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 2.53 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the business earned $1.35 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is currently owned by company insiders.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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