Clarius Group LLC cut its position in shares of Oracle Corporation (NYSE:ORCL) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Biegel & Waller LLC purchased a new position in shares of Oracle Corporation during the fourth quarter valued at approximately $225,000. Cypress Wealth Advisors LLC boosted its position in Oracle Corporation by 0.3% in the fourth quarter. Cypress Wealth Advisors LLC now owns 38,449 shares of the enterprise software provider’s stock worth $1,478,000 after buying an additional 114 shares during the last quarter. CAMG Solamere Management LLC purchased a new position in Oracle Corporation during the fourth quarter worth about $386,000. Arrowstreet Capital Limited Partnership raised its stake in Oracle Corporation by 3,061.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 436,300 shares of the enterprise software provider’s stock valued at $16,776,000 after buying an additional 422,500 shares during the last quarter. Finally, Empire Life Investments Inc. acquired a new stake in Oracle Corporation during the fourth quarter valued at approximately $23,145,000. Institutional investors and hedge funds own 58.79% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded up 0.14% during trading on Friday, hitting $48.62. The stock had a trading volume of 10,248,442 shares. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The company has a 50 day moving average of $49.83 and a 200-day moving average of $45.71. The company has a market cap of $201.13 billion, a P/E ratio of 22.00 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Oracle Corporation will post $2.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a $0.19 dividend. The ex-dividend date was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 34.55%.
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Several brokerages have recently issued reports on ORCL. KeyCorp reiterated a “buy” rating and issued a $61.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 18th. MKM Partners restated a “neutral” rating and set a $48.00 price objective (up previously from $45.00) on shares of Oracle Corporation in a research report on Friday, June 23rd. Cowen and Company restated an “outperform” rating and set a $55.00 price objective (up previously from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Bank of America Corporation reaffirmed a “buy” rating and set a $62.00 target price (up from $54.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Finally, Zacks Investment Research cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. Oracle Corporation has a consensus rating of “Buy” and an average target price of $50.81.
In other news, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction 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 completion of the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $807,831.25. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock valued at $91,560,925 in the last quarter. Corporate insiders own 29.00% of the company’s stock.
About Oracle Corporation
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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