CapWealth Advisors LLC Has $1.90 Million Position in Oracle Co. (NYSE:ORCL)

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CapWealth Advisors LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,170 shares of the enterprise software provider’s stock after selling 3,794 shares during the period. CapWealth Advisors LLC’s holdings in Oracle were worth $1,902,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cpwm LLC raised its stake in shares of Oracle by 6.5% during the second quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock valued at $760,000 after purchasing an additional 1,050 shares during the period. Quadrant Private Wealth Management LLC grew its position in shares of Oracle by 0.9% during the second quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock worth $5,592,000 after buying an additional 1,072 shares in the last quarter. Willow Creek Wealth Management Inc. grew its position in shares of Oracle by 15.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock worth $355,000 after buying an additional 1,084 shares in the last quarter. Bollard Group LLC grew its position in shares of Oracle by 4.7% during the first quarter. Bollard Group LLC now owns 24,237 shares of the enterprise software provider’s stock worth $1,109,000 after buying an additional 1,089 shares in the last quarter. Finally, Schnieders Capital Management LLC grew its position in shares of Oracle by 5.5% during the first quarter. Schnieders Capital Management LLC now owns 20,825 shares of the enterprise software provider’s stock worth $953,000 after buying an additional 1,095 shares in the last quarter. Institutional investors and hedge funds own 53.43% of the company’s stock.

A number of analysts have recently weighed in on the stock. MED decreased their price target on shares of Oracle from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Bank of America lifted their price objective on shares of Oracle from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, September 18th. Citigroup decreased their price objective on shares of Oracle from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, September 18th. Finally, Wells Fargo & Co decreased their price objective on shares of Oracle from $62.50 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, September 18th. Sixteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $53.92.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $47.77, for a total value of $179,137.50. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,336,079.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,196 shares of company stock worth $9,235,790. 32.00% of the stock is owned by company insiders.

Shares of NYSE ORCL traded up $0.60 during midday trading on Friday, reaching $47.38. 23,123,169 shares of the company traded hands, compared to its average volume of 17,422,672. Oracle Co. has a 52 week low of $42.57 and a 52 week high of $53.48. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. The stock has a market cap of $213.44 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.72 and a beta of 1.14.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.26 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The company’s revenue was up .8% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 3.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, October 15th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.

Oracle declared that its Board of Directors has authorized a share buyback program on Monday, September 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to buy up to 5.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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