RW Investment Management LLC Cuts Stake in Oracle Co. (NYSE:ORCL)

RW Investment Management LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 8,255 shares of the enterprise software provider’s stock after selling 80 shares during the period. Oracle comprises about 0.2% of RW Investment Management LLC’s investment portfolio, making the stock its 29th biggest position. RW Investment Management LLC’s holdings in Oracle were worth $1,166,000 at the end of the most recent quarter.

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

Insider Transactions at Oracle

In related news, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Insiders sold 1,610,402 shares of company stock worth $230,556,257 over the last three months. 42.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. KeyCorp raised their price target on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Mizuho increased their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $166.13.

Oracle Price Performance

Shares of ORCL opened at $168.00 on Friday. The company has a market capitalization of $465.52 billion, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a 50 day moving average of $142.30 and a 200 day moving average of $131.96.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping 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 firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is presently 43.13%.

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.