Oracle Corporation (NYSE:ORCL) Position Cut by Appleton Partners Inc. MA
Appleton Partners Inc. MA decreased its position in Oracle Corporation (NYSE:ORCL) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,406 shares of the enterprise software provider’s stock after selling 370 shares during the period. Appleton Partners Inc. MA’s holdings in Oracle Corporation were worth $286,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Willingdon Wealth Management increased its stake in Oracle Corporation by 1.1% in the first quarter. Willingdon Wealth Management now owns 18,580 shares of the enterprise software provider’s stock worth $829,000 after buying an additional 210 shares during the period. First Houston Capital Inc. acquired a new stake in Oracle Corporation during the first quarter worth $397,000. PBWM Holdings LLC acquired a new stake in Oracle Corporation during the first quarter worth $220,000. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Oracle Corporation by 1.0% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 246,550 shares of the enterprise software provider’s stock worth $10,999,000 after buying an additional 2,394 shares during the period. Finally, Smithfield Trust Co. increased its stake in Oracle Corporation by 0.6% in the first quarter. Smithfield Trust Co. now owns 22,028 shares of the enterprise software provider’s stock worth $983,000 after buying an additional 125 shares during the period. 58.67% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (NYSE:ORCL) traded up 0.92% during trading on Thursday, reaching $50.23. 9,487,959 shares of the company’s stock traded hands. The stock has a market cap of $207.79 billion, a price-to-earnings ratio of 22.73 and a beta of 1.06. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The company’s 50 day moving average is $49.35 and its 200-day moving average is $44.95.
Oracle Corporation (NYSE:ORCL) last issued its quarterly 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 period last year, the company earned $0.81 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. Oracle Corporation’s payout ratio is presently 34.55%.
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Several equities research analysts have commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. KeyCorp reaffirmed a “buy” rating and issued a $61.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 18th. Bank of America Corporation lowered their target price on shares of Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, June 30th. Finally, Mitsubishi UFJ Financial Group set a $63.00 target price on shares of Oracle Corporation and gave the company a “buy” rating in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.70.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $45.25, for a total value of $169,687.50. Following the completion of the sale, the director now directly owns 8,281 shares in the company, valued at approximately $374,715.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Boskin sold 150,000 shares of Oracle Corporation stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $50.69, for a total value of $7,603,500.00. Following the completion of the sale, the director now owns 99,454 shares of the company’s stock, valued at $5,041,323.26. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock valued at $91,547,388 over the last 90 days. 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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