RW Investment Management LLC Sells 80 Shares of Oracle Co. (NYSE:ORCL)

RW Investment Management LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,255 shares of the enterprise software provider’s stock after selling 80 shares during the period. Oracle accounts for 0.2% of RW Investment Management LLC’s holdings, making the stock its 29th biggest holding. RW Investment Management LLC’s holdings in Oracle were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ORCL. Westend Capital Management LLC bought a new stake in Oracle in the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $27,000. Tidemark LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $29,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the 4th quarter worth $30,000. Finally, POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORCL. Bank of America raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. DA Davidson increased their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, BMO Capital Markets raised their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Oracle Trading Up 0.2 %

Shares of ORCL stock opened at $168.00 on Friday. The stock has a market capitalization of $465.52 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.21 and a beta of 1.01. The company’s fifty day simple moving average is $142.30 and its two-hundred day simple moving average is $131.96. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. As a group, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at $368,246,045.16. The disclosure for this sale can be found here. Insiders have sold 1,610,402 shares of company stock worth $230,556,257 in the last three months. 42.80% of the stock is currently owned by corporate insiders.

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.