Nwam LLC Invests $2.48 Million in Oracle Co. (NYSE:ORCL)

Nwam LLC acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,544 shares of the enterprise software provider's stock, valued at approximately $2,478,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Fairway Wealth LLC acquired a new position in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the 2nd quarter worth $35,000. Reston Wealth Management LLC bought a new position in Oracle during the 3rd quarter worth about $44,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 0.1 %

ORCL traded down $0.14 during trading on Friday, hitting $192.29. The company's stock had a trading volume of 6,879,447 shares, compared to its average volume of 6,824,324. The firm has a market capitalization of $532.85 billion, a P/E ratio of 49.56, a PEG ratio of 3.55 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock's fifty day moving average price is $175.62 and its 200-day moving average price is $149.41.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen lifted their price target on shares of Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. DA Davidson upped their price objective on Oracle from $105.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Barclays raised their target price on shares of Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Piper Sandler lifted their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Finally, KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $169.52.

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.