Cahaba Wealth Management Inc. Has $377,000 Holdings in Oracle Co. (NYSE:ORCL)

Cahaba Wealth Management Inc. decreased its holdings in Oracle Co. (NYSE:ORCL) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,668 shares of the enterprise software provider’s stock after selling 353 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Oracle were worth $377,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Westend Capital Management LLC purchased a new stake in shares of Oracle in the first quarter valued at about $25,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the 2nd quarter valued at about $35,000. Tidemark LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

Shares of NYSE:ORCL opened at $141.78 on Friday. The company has a market cap of $390.73 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The firm has a fifty day moving average price of $138.72 and a two-hundred day moving average price of $128.33. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the business posted $1.35 EPS. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. KeyCorp increased their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Evercore ISI lifted their price objective on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. DA Davidson reissued a “neutral” rating and set a $105.00 target price on shares of Oracle in a research report on Wednesday, June 12th. Finally, Bank of America lifted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Buying and Selling at Oracle

In related news, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last three months. 42.80% of the stock is owned by insiders.

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.