Evermay Wealth Management LLC Takes Position in Oracle Co. (ORCL)

Evermay Wealth Management LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the third quarter, Holdings Channel reports. The firm acquired 4,509 shares of the enterprise software provider’s stock, valued at approximately $232,000.

Several other large investors have also recently bought and sold shares of ORCL. Cpwm LLC increased its position in shares of Oracle by 6.5% in the second quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock worth $760,000 after acquiring an additional 1,050 shares in the last quarter. Quadrant Private Wealth Management LLC increased its position in shares of Oracle by 0.9% in the second quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock worth $5,592,000 after acquiring an additional 1,072 shares in the last quarter. Willow Creek Wealth Management Inc. increased its position in shares of Oracle by 15.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock worth $355,000 after acquiring an additional 1,084 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Oracle by 7.8% in the second quarter. Global Retirement Partners LLC now owns 15,585 shares of the enterprise software provider’s stock worth $687,000 after acquiring an additional 1,122 shares in the last quarter. Finally, F&V Capital Management LLC increased its position in shares of Oracle by 1.1% in the third quarter. F&V Capital Management LLC now owns 106,875 shares of the enterprise software provider’s stock worth $5,510,000 after acquiring an additional 1,125 shares in the last quarter. 53.45% of the stock is owned by institutional investors and hedge funds.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,382,227.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the transaction, the executive vice president now owns 109,615 shares in the company, valued at $5,582,691.95. The disclosure for this sale can be found here. Insiders have sold a total of 142,946 shares of company stock worth $7,248,965 over the last quarter. 32.00% of the stock is currently owned by insiders.

Shares of ORCL stock opened at $48.57 on Wednesday. The firm has a market capitalization of $195.89 billion, a PE ratio of 17.22, a PEG ratio of 1.59 and a beta of 1.14. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a twelve month low of $42.57 and a twelve month high of $53.48.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts predict that Oracle Co. will post 3.06 EPS for the current year.

Oracle declared that its board has approved a share buyback plan on Monday, September 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, October 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle’s dividend payout ratio (DPR) is 26.95%.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group reissued a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. Royal Bank of Canada increased their price objective on shares of Oracle from $52.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 18th. Rosenblatt Securities reissued a “hold” rating and issued a $51.00 price objective on shares of Oracle in a research report on Tuesday. Wedbush reissued a “neutral” rating and issued a $49.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. Seventeen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.71.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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