Carmel Capital Partners LLC Sells 301 Shares of Oracle Co. (NYSE:ORCL)

Carmel Capital Partners LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,955 shares of the enterprise software provider’s stock after selling 301 shares during the quarter. Oracle comprises about 1.1% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 12th biggest position. Carmel Capital Partners LLC’s holdings in Oracle were worth $2,889,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle during the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Oracle in the first quarter valued at $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 1.6 %

Oracle stock opened at $189.29 on Friday. The company has a 50 day moving average price of $167.47 and a 200 day moving average price of $144.10. The firm has a market capitalization of $524.53 billion, a price-to-earnings ratio of 48.79, a P/E/G ratio of 3.34 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $190.16.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Activity at Oracle

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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $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 is available through this link. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Mizuho upped their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Barclays increased their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Sanford C. Bernstein lifted their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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.