Cascade Investment Advisors Inc. Has $1.97 Million Position in Oracle Co. (NYSE:ORCL)

Cascade Investment Advisors Inc. lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.6% in the first quarter, Holdings Channel reports. The firm owned 15,692 shares of the enterprise software provider’s stock after selling 250 shares during the period. Oracle accounts for 1.3% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Cascade Investment Advisors Inc.’s holdings in Oracle were worth $1,971,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new position in shares of Oracle in the first quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the third quarter worth $27,000. Finally, Tidemark LLC bought a new stake in shares of Oracle in the fourth quarter worth $29,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ORCL. Oppenheimer began coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

Shares of ORCL traded down $0.51 during trading hours on Thursday, hitting $124.09. The company had a trading volume of 6,018,172 shares, compared to its average volume of 8,009,451. The firm has a market cap of $341.06 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.90 and a beta of 1.03. The business has a fifty day moving average of $121.37 and a 200-day moving average of $114.89. Oracle Co. has a 12 month low of $97.29 and a 12 month high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Activity at Oracle

In related news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 880,000 shares of company stock worth $110,488,150. Corporate insiders own 42.80% of the company’s stock.

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.