Oracle Corp. (ORCL) Shares Sold by Court Place Advisors LLC
Court Place Advisors LLC decreased its stake in Oracle Corp. (NYSE:ORCL) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 101,944 shares of the enterprise software provider’s stock after selling 2,403 shares during the period. Oracle Corp. accounts for approximately 2.4% of Court Place Advisors LLC’s portfolio, making the stock its 10th largest position. Court Place Advisors LLC’s holdings in Oracle Corp. were worth $4,173,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Oracle Corp. by 5,147.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,122,744 shares of the enterprise software provider’s stock valued at $45,953,000 after buying an additional 1,101,346 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in shares of Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock valued at $29,229,000 after buying an additional 12,676 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock valued at $34,898,000 after buying an additional 64,091 shares during the last quarter. Swedbank boosted its stake in shares of Oracle Corp. by 3.5% in the second quarter. Swedbank now owns 4,722,847 shares of the enterprise software provider’s stock valued at $193,306,000 after buying an additional 158,359 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock valued at $72,217,000 after buying an additional 71,804 shares during the last quarter. Institutional investors own 58.24% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded down 0.72% during midday trading on Thursday, hitting $38.87. The company’s stock had a trading volume of 9,789,055 shares. The company has a market cap of $159.58 billion, a PE ratio of 18.47 and a beta of 1.23. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The stock has a 50 day moving average of $40.22 and a 200 day moving average of $40.34.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company earned $8.60 billion during the quarter. During the same period in the prior year, the firm earned $0.53 earnings per share. Oracle Corp.’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts expect that Oracle Corp. will post $2.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio is 28.57%.
ORCL has been the topic of several recent research reports. BTIG Research reiterated a “buy” rating and issued a $47.00 price target on shares of Oracle Corp. in a report on Monday, August 22nd. Vetr cut Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price target on the stock. in a report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $41.00 price target on shares of Oracle Corp. in a report on Thursday, September 15th. Cowen and Company reiterated an “outperform” rating and issued a $46.00 price target on shares of Oracle Corp. in a report on Monday, September 26th. Finally, Stifel Nicolaus decreased their price target on Oracle Corp. from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, September 23rd. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.76.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at $345,980.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 29.00% 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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