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

Clear Creek Financial Management LLC boosted its position in Oracle Co. (NYSE:ORCL) by 4.6% in the 3rd quarter, Holdings Channel reports. The fund owned 1,579 shares of the enterprise software provider’s stock after purchasing an additional 70 shares during the period. Clear Creek Financial Management LLC’s holdings in Oracle were worth $269,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORCL. Vanguard Group Inc. grew its holdings in Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors raised its stake in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the period. Legal & General Group Plc boosted its holdings in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Oracle by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after buying an additional 424,500 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 0.3 %

Shares of Oracle stock opened at $169.59 on Tuesday. 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 business has a 50-day moving average price of $164.04 and a 200 day moving average price of $142.62. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The firm has a market cap of $469.94 billion, a P/E ratio of 43.71, a P/E/G ratio of 3.09 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ORCL shares. Evercore ISI boosted their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Guggenheim lifted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Barclays increased their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

About Oracle

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.