Oracle Corporation (ORCL) Shares Sold by Halbert Hargrove Russell LLC

Halbert Hargrove Russell LLC decreased its position in Oracle Corporation (NYSE:ORCL) by 15.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,881 shares of the enterprise software provider’s stock after selling 1,294 shares during the period. Halbert Hargrove Russell LLC’s holdings in Oracle Corporation were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. BB&T Securities LLC lifted its stake in Oracle Corporation by 2.6% in the second quarter. BB&T Securities LLC now owns 776,472 shares of the enterprise software provider’s stock valued at $38,932,000 after purchasing an additional 19,472 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its stake in Oracle Corporation by 3.0% in the second quarter. ZWJ Investment Counsel Inc. now owns 707,297 shares of the enterprise software provider’s stock valued at $35,464,000 after purchasing an additional 20,691 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Oracle Corporation by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after purchasing an additional 482,220 shares during the last quarter. Security National Trust Co. raised its holdings in Oracle Corporation by 2.4% during the 2nd quarter. Security National Trust Co. now owns 45,272 shares of the enterprise software provider’s stock valued at $2,269,000 after acquiring an additional 1,045 shares during the period. Finally, Blair William & Co. IL raised its holdings in Oracle Corporation by 71.3% during the 2nd quarter. Blair William & Co. IL now owns 384,212 shares of the enterprise software provider’s stock valued at $19,264,000 after acquiring an additional 159,912 shares during the period. Institutional investors and hedge funds own 57.95% of the company’s stock.

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In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,822,112 in the last ninety days. Insiders own 29.00% of the company’s stock.

Oracle Corporation (ORCL) opened at $50.18 on Friday. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $209.84 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 1.91 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is 33.19%.

ORCL has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a report on Monday, September 11th. Moffett Nathanson initiated coverage on shares of Oracle Corporation in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 target price on shares of Oracle Corporation in a report on Sunday, August 27th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.73.

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

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