Cim LLC Increases Stake in Oracle Corporation $ORCL

by · The Cerbat Gem

Cim LLC grew its stake in Oracle Corporation (NYSE:ORCL – Free Report) by 4.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,204 shares of the enterprise software provider’s stock after buying an additional 100 shares during the quarter. Cim LLC’s holdings in Oracle were worth $308,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC purchased a new stake in Oracle during the fourth quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ORCL shares. Jefferies Financial Group boosted their target price on Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America upgraded Oracle from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $368.00 in a research note on Wednesday. Wolfe Research boosted their target price on Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank restated an “outperform” rating on shares of Oracle in a research note on Wednesday. Finally, Cantor Fitzgerald boosted their target price on Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $296.84.

View Our Latest Report on Oracle

Oracle Price Performance

Shares of NYSE ORCL opened at $307.64 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.75 and a debt-to-equity ratio of 3.33. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The stock has a 50 day moving average of $243.59 and a two-hundred day moving average of $189.52. The stock has a market cap of $864.11 billion, a P/E ratio of 71.21, a P/E/G ratio of 4.91 and a beta of 1.46.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle’s payout ratio is presently 46.08%.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead bought 480 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,183 shares of company stock valued at $10,353,198. 42.20% of the stock is owned by company insiders.

Oracle Profile

(Free Report)

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.

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