Chickasaw Capital Management LLC Has $1,759,000 Position in Oracle Corporation (ORCL)
Chickasaw Capital Management LLC cut its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 44,788 shares of the enterprise software provider’s stock after selling 250 shares during the period. Chickasaw Capital Management LLC’s holdings in Oracle Corporation were worth $1,759,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Camarda Financial Advisors LLC increased its position in Oracle Corporation by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 215 shares during the period. WESPAC Advisors SoCal LLC boosted its stake in shares of Oracle Corporation by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock worth $119,000 after buying an additional 500 shares during the period. FCM Investments TX boosted its stake in shares of Oracle Corporation 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 during the period. Proficio Capital Partners LLC boosted its stake in shares of Oracle Corporation 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 during the period. Finally, SevenBridge Financial Group LLC acquired a new stake in shares of Oracle Corporation during the second quarter worth $128,000. Institutional investors and hedge funds own 56.93% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) traded up 0.15% during mid-day trading on Friday, hitting $39.26. The stock had a trading volume of 9,453,461 shares. The firm has a market capitalization of $161.06 billion, a PE ratio of 18.74 and a beta of 1.17. Oracle Corporation has a 1-year low of $33.13 and a 1-year high of $42.00. The stock’s 50-day moving average is $39.39 and its 200-day moving average is $39.87.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $9.07 billion for the quarter. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Equities analysts expect that Oracle Corporation will post $2.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, January 3rd. Oracle Corporation’s dividend payout ratio (DPR) is currently 28.99%.
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A number of analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a report on Saturday, September 17th. Rosenblatt Securities set a $48.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Saturday, September 17th. SunTrust Banks, Inc. set a $48.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Saturday, September 17th. reaffirmed an “underperform” rating and issued a $42.00 price objective on shares of Oracle Corporation in a report on Tuesday, November 8th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Oracle Corporation in a report on Wednesday, December 7th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.15.
In related news, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total value of $1,742,400.00. Following the sale, the director now directly owns 52,654 shares of the company’s stock, valued at $2,038,762.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $39.06, for a total value of $146,475.00. Following the completion of the sale, the director now directly owns 8,281 shares in the company, valued at $323,455.86. The disclosure for this sale can be found here. Insiders own 29.00% of the company’s stock.
About Oracle Corporation
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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