Oracle Co. (NYSE:ORCL) Shares Bought by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,579 shares of the enterprise software provider’s stock after acquiring an additional 70 shares during the period. Clear Creek Financial Management LLC’s holdings in Oracle were worth $269,000 as of its most recent SEC filing.

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

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $169.59 on Tuesday. The stock has a market capitalization of $469.94 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 3.09 and a beta of 1.02. The firm’s fifty day simple moving average is $164.04 and its 200-day simple moving average is $142.62. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61.

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

Oracle Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ORCL. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Stifel Nicolaus boosted their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. JMP Securities boosted their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Finally, Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average 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.