Orca Investment Management LLC cut its stake in shares of Oracle Corp. (NYSE:ORCL) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,237 shares of the enterprise software provider’s stock after selling 212 shares during the period. Orca Investment Management LLC’s holdings in Oracle Corp. were worth $460,000 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. Bank of Montreal Can bought a new position in Oracle Corp. during the second quarter valued at $126,162,000. Loomis Sayles & Co. L P raised its position in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock valued at $904,361,000 after buying an additional 2,888,674 shares during the last quarter. Glenmede Trust Co. NA raised its position in Oracle Corp. by 102.3% in the first quarter. Glenmede Trust Co. NA now owns 3,611,064 shares of the enterprise software provider’s stock valued at $147,727,000 after buying an additional 1,826,039 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Oracle Corp. by 8.4% in the first quarter. TIAA CREF Investment Management LLC now owns 23,110,948 shares of the enterprise software provider’s stock valued at $945,469,000 after buying an additional 1,781,709 shares during the last quarter. Finally, Scharf Investments LLC raised its position in Oracle Corp. by 31.7% in the first quarter. Scharf Investments LLC now owns 6,618,685 shares of the enterprise software provider’s stock valued at $270,770,000 after buying an additional 1,594,651 shares during the last quarter. 58.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.03% during mid-day trading on Friday, hitting $38.71. The stock had a trading volume of 11,442,032 shares. The stock’s 50-day moving average price is $40.15 and its 200-day moving average price is $40.32. The firm has a market cap of $158.93 billion, a PE ratio of 18.39 and a beta of 1.23. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00.
Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The business had revenue of $8.60 billion for the quarter. During the same quarter in the previous year, the company posted $0.53 EPS. Oracle Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. Oracle Corp.’s dividend payout ratio is presently 28.57%.
Several equities analysts have weighed in on ORCL shares. Vetr raised Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $45.46 target price on the stock in a research note on Monday, September 12th. Barclays PLC reaffirmed a “buy” rating on shares of Oracle Corp. in a research report on Monday, September 12th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $47.00 price target on shares of Oracle Corp. in a research report on Sunday, September 25th. Bank of America Corp. reaffirmed a “buy” rating and set a $48.00 price target on shares of Oracle Corp. in a research report on Thursday, September 22nd. Finally, Zacks Investment Research lowered Oracle Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.76.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now owns 8,281 shares in the company, valued at approximately $345,980.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the transaction, the executive vice president now owns 25,000 shares in the company, valued at approximately $990,250. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.
About Oracle Corp.
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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