Cwm LLC Has $55.78 Million Stake in Oracle Co. (NYSE:ORCL)

Cwm LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,345 shares of the enterprise software provider’s stock after selling 3,415 shares during the quarter. Cwm LLC’s holdings in Oracle were worth $55,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle during the 2nd quarter worth approximately $35,000. Finally, Alaska Permanent Fund Corp bought a new position in Oracle in the first quarter worth approximately $36,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several recent research reports. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Guggenheim raised their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Stock Up 2.2 %

ORCL opened at $178.20 on Thursday. The company has a 50 day moving average of $149.25 and a 200 day moving average of $135.86. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a market cap of $491.09 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 5 EPS 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 of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.90%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the firm’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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,146,320 shares of company stock valued at $164,762,400. Company insiders own 42.80% of the company’s stock.

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.