Compass Wealth Management LLC Has $197,000 Stake in Oracle Co. (NYSE:ORCL)

Compass Wealth Management LLC lowered its position in Oracle Co. (NYSE:ORCL) by 10.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,569 shares of the enterprise software provider’s stock after selling 180 shares during the period. Compass Wealth Management LLC’s holdings in Oracle were worth $197,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Robertson Stephens Wealth Management LLC boosted its position in Oracle by 26.5% during the third quarter. Robertson Stephens Wealth Management LLC now owns 5,553 shares of the enterprise software provider’s stock worth $588,000 after purchasing an additional 1,165 shares during the period. Channing Capital Management LLC bought a new stake in Oracle during the third quarter worth approximately $5,319,000. CI Investments Inc. boosted its position in Oracle by 32.4% during the third quarter. CI Investments Inc. now owns 253,715 shares of the enterprise software provider’s stock worth $26,873,000 after purchasing an additional 62,125 shares during the period. CenterBook Partners LP bought a new stake in shares of Oracle in the third quarter valued at approximately $2,072,000. Finally, Bison Wealth LLC boosted its position in shares of Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORCL. Argus increased their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Bank of America increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. KeyCorp upped their target price on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.79.

Insider Activity at Oracle

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock valued at $110,488,150 over the last quarter. 42.80% of the stock is owned by corporate insiders.

Oracle Trading Up 2.4 %

ORCL stock opened at $144.64 on Thursday. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85. The company has a fifty day moving average price of $122.26 and a two-hundred day moving average price of $116.69. Oracle Co. has a one year low of $99.26 and a one year high of $145.06. The stock has a market cap of $397.54 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. Equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

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

Oracle Company 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.