Personal Capital Advisors Corp cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,950 shares of the enterprise software provider’s stock after selling 9,299 shares during the period. Personal Capital Advisors Corp’s holdings in Oracle Corporation were worth $6,064,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Boston Partners lifted its stake in Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after purchasing an additional 3,054,765 shares during the last quarter. LGT Capital Partners LTD. lifted its stake in Oracle Corporation by 14.0% during the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after purchasing an additional 76,653 shares during the last quarter. Lockheed Martin Investment Management Co. lifted its stake in Oracle Corporation by 21.4% during the first quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock valued at $3,286,000 after purchasing an additional 13,000 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Oracle Corporation during the first quarter valued at approximately $1,522,000. Finally, BerganKDV Wealth Management LLC lifted its position in shares of Oracle Corporation by 2.3% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock valued at $581,000 after acquiring an additional 255 shares in the last quarter. 58.67% of the stock is owned by institutional investors and hedge funds.
In related news, EVP W Corey West sold 150,000 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the sale, the executive vice president now owns 177,988 shares in the company, valued at $9,146,803.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the sale, the director now owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,817,500 shares of company stock valued at $91,582,600. Company insiders own 29.00% of the company’s stock.
ORCL has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $49.00 price objective on shares of Oracle Corporation in a research note on Friday, May 26th. OTR Global upgraded shares of Oracle Corporation to a “positive” rating in a research note on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. Finally, Wedbush dropped their price target on shares of Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have issued a buy rating to the company’s stock. Oracle Corporation has an average rating of “Buy” and a consensus price target of $52.44.
Oracle Corporation (NYSE ORCL) traded down 7.67% on Friday, hitting $48.74. 66,367,857 shares of the stock were exchanged. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The company has a 50-day moving average price of $49.96 and a 200-day moving average price of $46.98. The firm has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post $2.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.
Oracle Corporation 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.
Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.