Cardinal Capital Management Inc. Decreases Stake in Oracle Co. (NYSE:ORCL)

Cardinal Capital Management Inc. decreased its holdings in Oracle Co. (NYSE:ORCL) by 1.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 220,342 shares of the enterprise software provider’s stock after selling 2,169 shares during the period. Oracle makes up about 1.5% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Cardinal Capital Management Inc.’s holdings in Oracle were worth $37,546,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter worth $27,000. Westend Capital Management LLC acquired a new position in Oracle in the 1st quarter worth $25,000. POM Investment Strategies LLC purchased a new position in Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter valued at about $35,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the second quarter valued at about $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 0.2 %

Shares of ORCL stock opened at $175.77 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The firm has a market capitalization of $487.07 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The stock has a fifty day moving average of $151.64 and a two-hundred day moving average of $136.84. 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 (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 the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.91%. Oracle’s payout ratio is 41.24%.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,146,320 shares of company stock worth $164,762,400 over the last ninety days. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on ORCL shares. Stifel Nicolaus increased their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Piper Sandler raised their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Guggenheim upped their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Bank of America raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, UBS Group upped their target price on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.42.

Oracle 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.