UMB Bank N A MO lowered its position in Oracle Corp. (NYSE:ORCL) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 145,425 shares of the enterprise software provider’s stock after selling 5,370 shares during the period. UMB Bank N A MO’s holdings in Oracle Corp. were worth $5,952,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ORCL. Cribstone Capital Management LLC purchased a new position in shares of Oracle Corp. during the second quarter worth approximately $102,000. FCM Investments TX increased its position in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the period. Ironwood Financial llc purchased a new position in shares of Oracle Corp. during the first quarter worth approximately $147,000. Gardner Russo & Gardner LLC purchased a new position in shares of Oracle Corp. during the first quarter worth approximately $205,000. Finally, Natixis purchased a new position in shares of Oracle Corp. during the first quarter worth approximately $230,000. Institutional investors and hedge funds own 58.24% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded down 0.23% during mid-day trading on Monday, hitting $38.62. 9,475,433 shares of the stock traded hands. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The firm’s 50-day moving average is $40.15 and its 200 day moving average is $40.32. The firm has a market cap of $158.56 billion, a P/E ratio of 18.35 and a beta of 1.23.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. Equities analysts predict that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.
A number of brokerages have recently commented on ORCL. Sanford C. Bernstein reissued an “outperform” rating and issued a $51.00 price objective on shares of Oracle Corp. in a research report on Friday, July 15th. Macquarie reissued an “outperform” rating on shares of Oracle Corp. in a research report on Tuesday, July 19th. Atlantic Securities downgraded shares of Oracle Corp. from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $44.00 in a research report on Tuesday, July 19th. BTIG Research lifted their price objective on shares of Oracle Corp. from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 14th. Finally, Vetr downgraded shares of Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price objective for the company. in a research report on Monday, August 15th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Oracle Corp. currently has a consensus rating of “Buy” and an average price target of $44.76.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the transaction, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $41.12, for a total value of $154,200.00. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $340,514.72. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by corporate insiders.
About Oracle Corp.
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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