Tcwp LLC Takes Position in Oracle Co. (NYSE:ORCL)

Tcwp LLC purchased a new position in shares of Oracle Co. (NYSE:ORCLGet Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,870 shares of the enterprise software provider’s stock, valued at approximately $320,000.

Other large investors also recently bought and sold shares of the company. Evolution Advisers Inc. purchased a new stake in shares of Oracle in the fourth quarter valued at about $33,000. Bivin & Associates Inc. acquired a new position in Oracle in the 4th quarter valued at about $35,000. Ulland Investment Advisors LLC boosted its holdings in Oracle by 469.0% in the 1st quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock valued at $33,000 after purchasing an additional 333 shares during the last quarter. Steward Financial Group LLC purchased a new stake in shares of Oracle in the 1st quarter valued at approximately $33,000. Finally, Life Planning Partners Inc acquired a new stake in shares of Oracle during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 42.33% of the company’s stock.

Oracle Stock Up 0.5 %

Shares of NYSE ORCL opened at $79.52 on Wednesday. The firm’s 50-day simple moving average is $72.48 and its 200 day simple moving average is $75.36. The stock has a market cap of $211.92 billion, a P/E ratio of 33.13, a P/E/G ratio of 2.23 and a beta of 0.87. Oracle Co. has a fifty-two week low of $63.76 and a fifty-two week high of $106.34.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The company had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 EPS. On average, sell-side analysts anticipate that Oracle Co. will post 4.43 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were given a $0.32 dividend. The ex-dividend date was Monday, July 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.61%. Oracle’s dividend payout ratio (DPR) is presently 53.33%.

Insider Activity

In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $76,153,743.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the sale, the insider now owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $76,153,743.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,399,174 shares of company stock worth $232,369,224. 43.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. BNP Paribas upgraded Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Wednesday, June 29th. JPMorgan Chase & Co. set a $82.00 price target on Oracle in a research note on Thursday, June 16th. Stifel Nicolaus decreased their target price on Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. Guggenheim initiated coverage on Oracle in a research report on Friday, August 12th. They issued a “buy” rating and a $107.00 target price for the company. Finally, BMO Capital Markets reduced their price target on shares of Oracle from $92.00 to $86.00 in a research report on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Hold” and an average price target of $89.77.

Oracle Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

See Also

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLGet Rating).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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