Oracle Corporation (ORCL) Shares Sold by Front Barnett Associates LLC
Front Barnett Associates LLC lowered its stake in Oracle Corporation (NYSE:ORCL) by 8.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,465 shares of the enterprise software provider’s stock after selling 9,144 shares during the quarter. Front Barnett Associates LLC’s holdings in Oracle Corporation were worth $4,787,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of ORCL. Burt Wealth Advisors lifted its position in shares of Oracle Corporation by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Oracle Corporation in the second quarter worth about $129,000. Finally, Cribstone Capital Management LLC increased its stake in shares of Oracle Corporation by 5.0% in the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock valued at $131,000 after purchasing an additional 124 shares during the period. 58.09% of the stock is currently owned by hedge funds and other institutional investors.
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In other Oracle Corporation news, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the sale, the executive vice president now owns 30,977 shares of the company’s stock, valued at $1,488,444.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the company’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 disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock worth $14,821,999 in the last quarter. Insiders own 29.00% of the company’s stock.
Oracle Corporation (NYSE:ORCL) opened at $48.94 on Monday. Oracle Corporation has a 12-month low of $37.64 and a 12-month high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The stock has a market cap of $204,250.39, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. equities analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.55%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
Several equities research analysts have commented on ORCL shares. Rosenblatt Securities restated a “buy” rating and issued a $58.00 price target on shares of Oracle Corporation in a research note on Monday, September 11th. Moffett Nathanson began coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Oracle Corporation in a research note 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 for the company in a research note on Friday, August 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.95.
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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