Janney Montgomery Scott LLC Reduces Position in Oracle Corp. (ORCL)
Janney Montgomery Scott LLC lowered its position in shares of Oracle Corp. (NYSE:ORCL) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,270 shares of the enterprise software provider’s stock after selling 600 shares during the period. Janney Montgomery Scott LLC’s holdings in Oracle Corp. were worth $6,403,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Cribstone Capital Management LLC purchased a new stake in Oracle Corp. during the second quarter worth $102,000. FCM Investments TX boosted its stake in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in Oracle Corp. by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock worth $142,000 after buying an additional 99 shares in the last quarter. Finally, Ironwood Financial llc purchased a new stake in Oracle Corp. during the first quarter worth $147,000. 58.00% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corp. (NYSE:ORCL) traded down 0.71% during midday trading on Friday, hitting $39.23. The stock had a trading volume of 8,179,426 shares. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The company has a 50-day moving average price of $40.80 and a 200-day moving average price of $40.34. The company has a market cap of $161.06 billion, a price-to-earnings ratio of 18.64 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.03. The firm earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. Oracle Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities analysts anticipate that Oracle Corp. will post $2.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
A number of analysts have recently weighed in on ORCL shares. Evercore ISI upgraded shares of Oracle Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. JMP Securities restated a “sell” rating and issued a $31.00 price target on shares of Oracle Corp. in a report on Thursday, June 2nd. OTR Global upgraded shares of Oracle Corp. to a “positive” rating in a research note on Friday, June 3rd. Zacks Investment Research upgraded shares of Oracle Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. Finally, JPMorgan Chase & Co. reiterated an “underperform” rating on shares of Oracle Corp. in a research note on Monday, June 6th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Oracle Corp. has an average rating of “Buy” and an average target price of $44.89.
In related news, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the transaction, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total value of $150,600.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at $332,564.96. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
Oracle Corp. Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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