Cambiar Investors LLC cut its position in shares of Oracle Corp. (NYSE:ORCL) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,229,671 shares of the enterprise software provider’s stock after selling 170,326 shares during the period. Oracle Corp. comprises about 1.3% of Cambiar Investors LLC’s portfolio, making the stock its 22nd largest position. Cambiar Investors LLC’s holdings in Oracle Corp. were worth $91,260,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new position in shares of Oracle Corp. during the second quarter worth approximately $102,000. FCM Investments TX increased its position in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Ironwood Financial llc acquired a new position in shares of Oracle Corp. during the first quarter valued at about $147,000. Gardner Russo & Gardner LLC acquired a new position in shares of Oracle Corp. during the first quarter valued at about $205,000. Finally, Natixis acquired a new position in shares of Oracle Corp. during the first quarter valued at about $230,000. Institutional investors own 58.24% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded up 1.00% during midday trading on Friday, reaching $38.41. 11,601,173 shares of the company’s stock traded hands. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The stock’s 50 day moving average price is $39.72 and its 200 day moving average price is $40.22. The firm has a market cap of $157.69 billion, a price-to-earnings ratio of 18.25 and a beta of 1.23.
Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS 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%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Equities research analysts anticipate that Oracle Corp. will post $2.63 EPS for the current year.
The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio is 28.57%.
Several brokerages have recently issued reports on ORCL. Citigroup Inc. reiterated a “hold” rating on shares of Oracle Corp. in a research report on Saturday, June 18th. DA Davidson reiterated a “buy” rating and set a $52.00 price objective on shares of Oracle Corp. in a research report on Saturday, September 17th. SunTrust Banks Inc. set a $48.00 price objective on Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price objective on Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $51.00 price objective on shares of Oracle Corp. in a research report on Friday, July 15th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $46.26.
In other Oracle Corp. news, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the executive vice president now directly owns 119,645 shares in the company, valued at $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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