Nwam LLC Acquires Shares of 14,544 Oracle Co. (NYSE:ORCL)

by · The Markets Daily

Nwam LLC acquired a new stake in Oracle Co. (NYSE:ORCL – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,544 shares of the enterprise software provider’s stock, valued at approximately $2,478,000.

Several other institutional investors have also recently bought and sold shares of the business. Legal & General Group Plc raised its position in Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the last quarter. Janus Henderson Group PLC raised its position in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Oracle by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after purchasing an additional 424,500 shares during the last quarter. Ameriprise Financial Inc. raised its position in Oracle by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after purchasing an additional 66,444 shares during the last quarter. Finally, Boston Partners raised its position in Oracle by 32.3% in the 1st quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider’s stock valued at $756,100,000 after purchasing an additional 1,473,734 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.1 %

NYSE:ORCL opened at $192.29 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $532.85 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 3.55 and a beta of 1.02. The stock has a 50-day moving average price of $175.62 and a two-hundred day moving average price of $149.20.

Oracle (NYSE:ORCL – Get Free Report) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s dividend payout ratio is currently 41.24%.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Stifel Nicolaus boosted their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein boosted their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley boosted their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Guggenheim boosted their target price on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.52.

Get Our Latest Report on Oracle

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Oracle Company 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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