Oracle Corporation (ORCL) Position Decreased by Catawba Capital Management VA
Catawba Capital Management VA cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,386 shares of the enterprise software provider’s stock after selling 530 shares during the quarter. Oracle Corporation comprises 1.2% of Catawba Capital Management VA’s portfolio, making the stock its 24th biggest holding. Catawba Capital Management VA’s holdings in Oracle Corporation were worth $5,184,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. State Street Corp increased its holdings in shares of Oracle Corporation by 1.0% during the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after acquiring an additional 1,187,802 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Oracle Corporation by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after acquiring an additional 1,521,879 shares during the last quarter. Harris Associates L P increased its holdings in shares of Oracle Corporation by 0.4% during the 1st quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock worth $1,854,068,000 after acquiring an additional 156,122 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Oracle Corporation by 3.7% during the 1st quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock worth $1,839,501,000 after acquiring an additional 1,467,144 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Oracle Corporation by 6,353.4% during the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after acquiring an additional 18,351,920 shares during the last quarter. 58.67% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on ORCL shares. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a research note on Friday, May 19th. Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Canaccord Genuity restated a “buy” rating and issued a $49.00 price target on shares of Oracle Corporation in a research note on Friday, May 26th. OTR Global upgraded Oracle Corporation to a “positive” rating in a research note on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $52.29.
Shares of Oracle Corporation (NYSE ORCL) traded down 6.82% on Friday, reaching $49.19. The company’s stock had a trading volume of 33,273,016 shares. The company’s 50 day moving average price is $50.01 and its 200 day moving average price is $46.93. The company has a market cap of $203.48 billion, a P/E ratio of 22.26 and a beta of 1.05. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts forecast that Oracle Corporation will post $2.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.
In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the transaction, the insider now owns 783,533 shares in the company, valued at approximately $39,537,075.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,813,750 shares of company stock worth $91,393,788 in the last quarter. Company insiders own 29.00% of the company’s stock.
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Oracle Corporation 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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