Cambiar Investors LLC Sells 170,326 Shares of Oracle Corp. (ORCL)
Cambiar Investors LLC decreased its position in Oracle Corp. (NYSE:ORCL) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,229,671 shares of the enterprise software provider’s stock after selling 170,326 shares during the period. Oracle Corp. makes up about 1.3% of Cambiar Investors LLC’s holdings, making the stock its 22nd largest position. Cambiar Investors LLC owned approximately 0.05% of Oracle Corp. worth $91,260,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new stake in shares of Oracle Corp. during the second quarter worth $102,000. FCM Investments TX increased its stake 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 worth $123,000 after buying an additional 500 shares during the last quarter. Ironwood Financial llc bought a new stake in shares of Oracle Corp. during the first quarter worth $147,000. Gardner Russo & Gardner LLC bought a new stake in shares of Oracle Corp. during the first quarter worth $205,000. Finally, Natixis bought a new stake in shares of Oracle Corp. during the first quarter worth $230,000. 58.24% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corp. (NYSE:ORCL) traded up 1.00% during trading on Friday, reaching $38.41. The company had a trading volume of 11,601,173 shares. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The firm has a market capitalization of $157.69 billion, a P/E ratio of 18.25 and a beta of 1.23. The company has a 50-day moving average of $39.72 and a 200-day moving average of $40.22.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The firm earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. Analysts expect that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Oracle Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Vetr raised Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 price target for the company in a report on Tuesday, September 6th. DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of Oracle Corp. in a report on Saturday, September 17th. Cowen and Company assumed coverage on Oracle Corp. in a report on Thursday, June 23rd. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Jefferies Group reissued a “buy” rating and issued a $51.00 price target on shares of Oracle Corp. in a report on Tuesday, September 13th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.26.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the transaction, the executive vice president now owns 25,000 shares of the company’s stock, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by corporate insiders.
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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