Palladium Partners LLC Cuts Stake in Oracle Corporation (ORCL)

Palladium Partners LLC lowered its stake in shares of Oracle Corporation (NYSE:ORCL) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,147 shares of the enterprise software provider’s stock after selling 6,670 shares during the period. Palladium Partners LLC’s holdings in Oracle Corporation were worth $6,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ORCL. Hudock Capital Group LLC grew its stake in Oracle Corporation by 0.3% during the 1st quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after acquiring an additional 10 shares in the last quarter. Alpha Windward LLC grew its stake in Oracle Corporation by 0.3% during the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after acquiring an additional 19 shares in the last quarter. Pointe Capital Management LLC grew its stake in Oracle Corporation by 0.4% during the 1st quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after acquiring an additional 45 shares in the last quarter. Bell Bank grew its stake in Oracle Corporation by 0.9% during the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after acquiring an additional 57 shares in the last quarter. Finally, Sentinel Trust Co. LBA grew its stake in Oracle Corporation by 0.3% during the 2nd quarter. Sentinel Trust Co. LBA now owns 19,041 shares of the enterprise software provider’s stock valued at $955,000 after acquiring an additional 60 shares in the last quarter. 57.83% of the stock is owned by institutional investors and hedge funds.

Oracle Corporation (ORCL) opened at 48.86 on Tuesday. The stock has a market capitalization of $203.90 billion, a P/E ratio of 21.25 and a beta of 1.05. The firm’s 50-day moving average is $49.43 and its 200 day moving average is $47.69. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s payout ratio is 33.19%.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/17/palladium-partners-llc-cuts-stake-in-oracle-corporation-orcl.html.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 302,026 shares of company stock valued at $14,639,487. 29.00% of the stock is owned by insiders.

ORCL has been the subject of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Monday, September 11th. Vetr cut shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective for the company. in a research note on Tuesday, September 12th. Canaccord Genuity initiated coverage on shares of Oracle Corporation in a research note on Friday, October 6th. They set a “buy” rating and a $57.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Tuesday, September 19th. Finally, Moffett Nathanson initiated coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy̶

Several other hedge funds also recently added to or reduced their stakes in ORCL. Hudock Capital Group LLC grew its stake in Oracle Corporation by 0.3% during the 1st quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after acquiring an additional 10 shares in the last quarter. Alpha Windward LLC grew its stake in Oracle Corporation by 0.3% during the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after acquiring an additional 19 shares in the last quarter. Pointe Capital Management LLC grew its stake in Oracle Corporation by 0.4% during the 1st quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after acquiring an additional 45 shares in the last quarter. Bell Bank grew its stake in Oracle Corporation by 0.9% during the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after acquiring an additional 57 shares in the last quarter. Finally, Sentinel Trust Co. LBA grew its stake in Oracle Corporation by 0.3% during the 2nd quarter. Sentinel Trust Co. LBA now owns 19,041 shares of the enterprise software provider’s stock valued at $955,000 after acquiring an additional 60 shares in the last quarter. 57.83% of the stock is owned by institutional investors and hedge funds.

Oracle Corporation (ORCL) opened at 48.86 on Tuesday. The stock has a market capitalization of $203.90 billion, a P/E ratio of 21.25 and a beta of 1.05. The firm’s 50-day moving average is $49.43 and its 200 day moving average is $47.69. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s payout ratio is 33.19%.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/17/palladium-partners-llc-cuts-stake-in-oracle-corporation-orcl.html.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 302,026 shares of company stock valued at $14,639,487. 29.00% of the stock is owned by insiders.

ORCL has been the subject of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Monday, September 11th. Vetr cut shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective for the company. in a research note on Tuesday, September 12th. Canaccord Genuity initiated coverage on shares of Oracle Corporation in a research note on Friday, October 6th. They set a “buy” rating and a $57.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Tuesday, September 19th. Finally, Moffett Nathanson initiated coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.37.

Oracle Corporation 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.

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Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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