Oxbow Advisors LLC Sells 1,123 Shares of Oracle Corporation (ORCL)
Oxbow Advisors LLC cut its stake in Oracle Corporation (NYSE:ORCL) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,491 shares of the enterprise software provider’s stock after selling 1,123 shares during the period. Oxbow Advisors LLC’s holdings in Oracle Corporation were worth $2,582,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Boston Partners raised its position in Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares in the last quarter. BerganKDV Wealth Management LLC raised its position in Oracle Corporation by 2.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock worth $581,000 after buying an additional 255 shares in the last quarter. Quotient Investors LLC raised its position in Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after buying an additional 30,300 shares in the last quarter. Gateway Investment Advisers LLC raised its position in Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock worth $83,312,000 after buying an additional 17,458 shares in the last quarter. Finally, Orrstown Financial Services Inc. raised its position in Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) traded up 0.10% during mid-day trading on Friday, reaching $49.24. 7,853,334 shares of the company’s stock traded hands. The stock has a market capitalization of $203.69 billion, a PE ratio of 22.28 and a beta of 1.06. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The company’s 50-day moving average price is $49.77 and its 200-day moving average price is $46.03.
Oracle Corporation (NYSE:ORCL) last released its earnings results 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 net margin of 24.74% and a return on equity of 20.90%. The firm had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Oracle Corporation will post $2.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were issued a $0.19 dividend. The ex-dividend date was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle Corporation’s payout ratio is 34.55%.
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A number of research firms have recently weighed in on ORCL. KeyCorp restated a “buy” rating and issued a $61.00 target price on shares of Oracle Corporation in a report on Tuesday, July 18th. MKM Partners reiterated a “neutral” rating and set a $48.00 price target (up from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Cowen and Company reiterated an “outperform” rating and set a $55.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Bank of America Corporation reiterated a “buy” rating and set a $62.00 price target (up from $54.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Finally, Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $50.81.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $885,587.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the sale, the insider now owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,817,500 shares of company stock valued at $91,560,925. 29.00% of the stock is owned by insiders.
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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