Clarius Group LLC Lowers Stake in Oracle Corporation (NYSE:ORCL)

Clarius Group LLC reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 11.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 5,777 shares of the enterprise software provider’s stock after selling 765 shares during the period. Clarius Group LLC’s holdings in Oracle Corporation were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ORCL. Hudock Capital Group LLC increased its position in shares of Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after buying an additional 10 shares during the period. Beese Fulmer Investment Management Inc. increased its position in shares of Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock valued at $257,000 after buying an additional 38 shares during the period. Delta Asset Management LLC TN increased its position in shares of Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock valued at $335,000 after buying an additional 42 shares during the period. Carroll Financial Associates Inc. increased its position in shares of Oracle Corporation by 0.4% in the first quarter. Carroll Financial Associates Inc. now owns 17,268 shares of the enterprise software provider’s stock valued at $770,000 after buying an additional 74 shares during the period. Finally, Howe & Rusling Inc. increased its position in shares of Oracle Corporation by 2.1% in the first quarter. Howe & Rusling Inc. now owns 4,157 shares of the enterprise software provider’s stock valued at $185,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 58.77% of the company’s stock.

Shares of Oracle Corporation (NYSE ORCL) traded up 0.29% during trading on Friday, hitting $48.24. The stock had a trading volume of 11,704,649 shares. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The stock has a 50 day moving average of $50.16 and a 200 day moving average of $45.34. The company has a market cap of $199.55 billion, a PE ratio of 21.83 and a beta of 1.06.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

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ORCL has been the topic of a number of analyst reports. Bank of America Corporation cut their price target on shares of Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, May 16th. Societe Generale downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and cut their price target for the company from $51.00 to $50.00 in a research report on Thursday, May 11th. Argus upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday, June 23rd. Finally, KeyCorp raised Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.70.

In related news, insider Thomas Kurian sold 750,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the transaction, the insider now owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $807,831.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,817,500 shares of company stock worth $91,547,388. Company insiders own 29.00% of the company’s stock.

Oracle Corporation 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.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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