Huber Financial Advisors LLC Cuts Holdings in Oracle Co. (NYSE:ORCL)
Huber Financial Advisors LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 8.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,188 shares of the enterprise software provider’s stock after selling 499 shares during the quarter. Huber Financial Advisors LLC’s holdings in Oracle were worth $296,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Evolution Wealth Advisors LLC raised its stake in shares of Oracle by 346.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 346 shares in the last quarter. Investors Research Corp purchased a new position in Oracle in the 1st quarter valued at approximately $30,000. Next Capital Management LLC purchased a new position in Oracle in the 2nd quarter valued at approximately $36,000. Covenant Multifamily Offices LLC purchased a new position in Oracle in the 1st quarter valued at approximately $35,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Oracle in the 2nd quarter valued at approximately $40,000. Institutional investors own 53.71% of the company’s stock.
Oracle stock traded up $0.55 during midday trading on Monday, reaching $54.15. The stock had a trading volume of 3,468,133 shares, compared to its average volume of 10,523,506. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The stock has a market capitalization of $175.43 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The stock’s 50-day simple moving average is $57.09 and its 200 day simple moving average is $54.29.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.77%. The ex-dividend date was Tuesday, July 16th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.92, for a total value of $5,692,000.00. Following the transaction, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at $10,127,149.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO W Corey West sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 85,348 shares in the company, valued at $4,800,825. The disclosure for this sale can be found here. Insiders sold 1,352,500 shares of company stock worth $76,708,925 over the last three months. 32.00% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on ORCL. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, May 15th. Goldman Sachs Group reiterated a “buy” rating and set a $58.00 target price on shares of Oracle in a report on Thursday, June 20th. Barclays increased their target price on Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, June 20th. Morgan Stanley increased their target price on Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Finally, ValuEngine cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $54.76.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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