Neumann Capital Management LLC Reduces Stake in Oracle Co. (NYSE:ORCL)

Neumann Capital Management LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 78,310 shares of the enterprise software provider’s stock after selling 189 shares during the period. Oracle accounts for about 4.4% of Neumann Capital Management LLC’s 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 SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Vanguard Group Inc. increased its stake in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors increased its position in Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares during the period. Legal & General Group Plc lifted its holdings in shares of Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after acquiring an additional 424,500 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $187.08 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The company has a market cap of $518.41 billion, a price-to-earnings ratio of 48.22, a PEG ratio of 3.49 and a beta of 1.02. The company’s fifty day moving average price is $170.41 and its two-hundred day moving average price is $145.85. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its earnings results 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 for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’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 value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ORCL. Mizuho lifted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Citigroup boosted their price target on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. KeyCorp lifted their price objective on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Company 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.