Clear Creek Financial Management LLC Buys New Position in Oracle Co. (NYSE:ORCL)

Clear Creek Financial Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,509 shares of the enterprise software provider’s stock, valued at approximately $213,000.

Several other hedge funds also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new position in shares of Oracle in the first quarter valued at about $25,000. Tidemark LLC acquired a new position in shares of Oracle in the fourth quarter valued at about $29,000. Nordwand Advisors LLC acquired a new position in shares of Oracle in the fourth quarter valued at about $30,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle in the fourth quarter valued at about $30,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the second quarter valued at about $35,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 target price on shares of Oracle in a report on Tuesday, June 25th. BMO Capital Markets raised their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. DA Davidson reiterated a “neutral” rating and set a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. KeyCorp raised their target price on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Performance

ORCL stock traded up $1.11 during midday trading on Friday, reaching $139.19. The company had a trading volume of 4,544,571 shares, compared to its average volume of 8,163,030. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a 50 day moving average price of $138.95 and a 200 day moving average price of $126.63. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The firm has a market capitalization of $383.59 billion, a PE ratio of 37.52, a P/E/G ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Oracle Company 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.