83,531 Shares in Oracle Co. (NYSE:ORCL) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 3rd quarter, HoldingsChannel reports. The fund bought 83,531 shares of the enterprise software provider’s stock, valued at approximately $14,234,000. Oracle accounts for about 0.8% of CWA Asset Management Group LLC’s holdings, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Oracle in the 1st quarter worth approximately $1,669,000. Oppenheimer & Co. Inc. increased its stake in shares of Oracle by 0.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 37,889 shares of the enterprise software provider’s stock worth $4,759,000 after purchasing an additional 252 shares during the last quarter. PFG Advisors increased its stake in shares of Oracle by 4.4% during the 1st quarter. PFG Advisors now owns 4,348 shares of the enterprise software provider’s stock worth $546,000 after purchasing an additional 182 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Oracle by 13.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 55,365 shares of the enterprise software provider’s stock valued at $6,954,000 after buying an additional 6,734 shares during the last quarter. Finally, WealthPLAN Partners LLC grew its stake in Oracle by 71.8% in the 1st quarter. WealthPLAN Partners LLC now owns 3,425 shares of the enterprise software provider’s stock valued at $430,000 after buying an additional 1,431 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.6 %

NYSE:ORCL opened at $189.29 on Friday. The stock has a market cap of $524.53 billion, a P/E ratio of 48.79, a P/E/G ratio of 3.34 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $190.16. The stock has a 50-day simple moving average of $167.47 and a 200-day simple moving average of $144.10.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling at Oracle

In related 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 value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on ORCL. Morgan Stanley raised their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. BMO Capital Markets boosted their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. TD Cowen lifted their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. KeyCorp lifted their price target on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Bank of America boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

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.