CWA Asset Management Group LLC Sells 4,726 Shares of Oracle Corporation (NYSE:ORCL)

CWA Asset Management Group LLC lowered its holdings in shares of Oracle Corporation (NYSE:ORCL) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,308 shares of the enterprise software provider’s stock after selling 4,726 shares during the period. CWA Asset Management Group LLC’s holdings in Oracle were worth $10,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter worth about $30,000. Hurley Capital LLC purchased a new position in Oracle in the fourth quarter worth about $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $34,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORCL. Stifel Nicolaus upped their price objective on Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, June 12th. Evercore ISI reaffirmed an “outperform” rating and set a $215.00 price target (up from $180.00) on shares of Oracle in a report on Thursday, June 12th. Cantor Fitzgerald dropped their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Barclays reissued an “overweight” rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Bank of America upped their target price on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $194.32.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 427,366 shares of company stock valued at $80,183,723. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.5%

ORCL stock opened at $207.85 on Wednesday. The business’s 50-day moving average price is $155.97 and its 200-day moving average price is $160.82. The stock has a market cap of $581.34 billion, a P/E ratio of 47.89, a PEG ratio of 3.13 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 EPS. On average, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is currently 46.08%.

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.