CBM Financial LLC Acquires Shares of 2,545 Oracle Corporation $ORCL

Key Points

• CBM Financial LLC acquired 2,545 shares of Oracle Corporation, valued at approximately $356,000, making Oracle its 12th largest holding.
• Analyst ratings have improved for Oracle, with price targets raised by firms like Evercore ISI and DA Davidson, indicating a generally favorable view among analysts.
• Insider transactions revealed significant sales, with EVP Maria Smith selling 10,000 shares and Vice Chairman Jeffrey Henley selling 400,000 shares, representing decreases in their respective ownership positions.

CBM Financial LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,545 shares of the enterprise software provider's stock, valued at approximately $356,000. Oracle accounts for approximately 0.3% of CBM Financial LLC's holdings, making the stock its 12th largest position.

A number of other hedge funds have also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC raised its stake in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $36,000. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ORCL shares. Cowen restated a "buy" rating and set a $375.00 price target on shares of Oracle in a research report on Wednesday. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. TD Cowen raised their price objective on shares of Oracle from $325.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Citigroup reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $296.84.

Insider Buying and Selling

In related news, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,183 shares of company stock valued at $10,353,198. Company insiders own 42.20% of the company's stock.

Oracle Stock Down 5.1%

NYSE:ORCL traded down $15.79 during midday trading on Friday, hitting $292.07. 51,618,969 shares of the company were exchanged, compared to its average volume of 13,335,661. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.75 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $820.37 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 4.91 and a beta of 1.46. The company has a fifty day simple moving average of $243.59 and a 200 day simple moving average of $189.52.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio (DPR) is presently 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.