Oracle Co. (NYSE:ORCL) is Neumann Capital Management LLC’s 6th Largest Position

Neumann Capital Management LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,310 shares of the enterprise software provider’s stock after selling 189 shares during the period. Oracle makes up 4.4% of Neumann Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Neumann Capital Management LLC’s holdings in Oracle were worth $13,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter worth about $38,000. Finally, Quest Partners LLC bought a new position in Oracle in the second quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the firm’s 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 owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale 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 corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ORCL shares. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Evercore ISI boosted their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Performance

Shares of ORCL opened at $187.08 on Friday. The stock has a 50-day moving average of $170.41 and a two-hundred day moving average of $145.85. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $518.41 billion, a P/E ratio of 48.22, a P/E/G ratio of 3.49 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $191.77.

Oracle (NYSE:ORCL) last released its earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s payout ratio is currently 41.24%.

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.