Oracle Corporation (ORCL) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC lowered its stake in Oracle Corporation (NYSE:ORCL) by 58.6% during the third quarter, HoldingsChannel.com reports. The fund owned 462,686 shares of the enterprise software provider’s stock after selling 655,366 shares during the quarter. SG Americas Securities LLC’s holdings in Oracle were worth $22,371,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in ORCL. Keel Point LLC boosted its stake in Oracle by 0.3% during the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after purchasing an additional 14 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in Oracle by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after purchasing an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in Oracle by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 35 shares during the last quarter. Partnervest Advisory Services LLC boosted its stake in Oracle by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after purchasing an additional 39 shares during the last quarter. Finally, Klingenstein Fields & Co. LLC boosted its stake in Oracle by 0.9% during the 2nd quarter. Klingenstein Fields & Co. LLC now owns 6,679 shares of the enterprise software provider’s stock worth $335,000 after purchasing an additional 62 shares during the last quarter. 57.89% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total transaction of $186,450.00. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $901,175. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 111,250 shares of company stock worth $5,310,063 over the last quarter. Insiders own 29.00% of the company’s stock.
Several equities research analysts have issued reports on ORCL shares. Canaccord Genuity started coverage on shares of Oracle in a research note on Friday, October 6th. They set a “buy” rating and a $57.00 target price on the stock. Wedbush reiterated a “buy” rating and set a $58.00 price target on shares of Oracle in a report on Friday, December 15th. Vetr lowered Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target on the stock. in a report on Wednesday. JPMorgan Chase & Co. set a $55.00 price target on Oracle and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, BidaskClub upgraded Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have issued a buy rating to the company. Oracle currently has an average rating of “Buy” and a consensus target price of $55.27.
Shares of Oracle Corporation (NYSE:ORCL) opened at $50.23 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The stock has a market cap of $209,630.00, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. Oracle Corporation has a one year low of $39.10 and a one year high of $53.14.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. sell-side analysts anticipate that Oracle Corporation will post 2.68 EPS for the current fiscal year.
Oracle declared that its Board of Directors has approved a share buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.
Oracle 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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