Oracle Corporation $ORCL Stock Holdings Lowered by CSM Advisors LLC

Key Points

• CSM Advisors LLC reduced its holdings in Oracle Corporation by 1.5% in Q1, now owning 93,991 shares valued at approximately $13.15 million.
• Oracle recently reported an earnings per share (EPS) of $1.70, exceeding analysts' estimates of $1.64, along with a revenue of $15.90 billion for the quarter.
• The company paid a quarterly dividend of $0.50 per share, which represents an annualized dividend yield of 0.8% with a payout ratio of 46.08%.

CSM Advisors LLC trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,991 shares of the enterprise software provider's stock after selling 1,415 shares during the period. Oracle comprises approximately 0.7% of CSM Advisors LLC's investment portfolio, making the stock its 28th biggest position. CSM Advisors LLC's holdings in Oracle were worth $13,147,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL opened at $236.1670 on Monday. The company's 50 day moving average price is $235.36 and its 200 day moving average price is $182.94. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The company has a market capitalization of $663.35 billion, a PE ratio of 54.42, a PEG ratio of 3.53 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 EPS. Research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. TD Cowen boosted their price target on shares of Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. KeyCorp raised their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $227.04.

Insider Activity

In related news, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by company insiders.

Oracle 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.

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