Harwood Advisory Group LLC reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,855 shares of the enterprise software provider’s stock after selling 2,347 shares during the period. Harwood Advisory Group LLC’s holdings in Oracle Corporation were worth $2,048,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in ORCL. Vulcan Value Partners LLC boosted its position in shares of Oracle Corporation by 1.3% in the fourth quarter. Vulcan Value Partners LLC now owns 22,633,884 shares of the enterprise software provider’s stock valued at $870,273,000 after buying an additional 299,598 shares during the last quarter. Tyers Asset Management LLC bought a new position in shares of Oracle Corporation during the fourth quarter valued at about $31,565,000. Parallel Advisors LLC bought a new position in shares of Oracle Corporation during the fourth quarter valued at about $1,469,000. Folger Hill Asset Management LP bought a new position in shares of Oracle Corporation during the fourth quarter valued at about $900,000. Finally, Sand Hill Global Advisors LLC boosted its position in shares of Oracle Corporation by 2.6% in the fourth quarter. Sand Hill Global Advisors LLC now owns 5,811 shares of the enterprise software provider’s stock valued at $223,000 after buying an additional 148 shares during the last quarter. 58.54% of the stock is currently owned by institutional investors.
Oracle Corporation (NYSE:ORCL) traded up 0.089% during mid-day trading on Monday, reaching $50.415. 5,691,460 shares of the company’s stock traded hands. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The firm’s 50-day moving average price is $46.11 and its 200 day moving average price is $43.14. The stock has a market capitalization of $208.55 billion, a PE ratio of 22.812 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same period in the prior year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Oracle Corporation will post $2.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.
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ORCL has been the subject of a number of recent research reports. Wunderlich reiterated a “hold” rating and set a $46.00 price target (up previously from $43.00) on shares of Oracle Corporation in a research note on Monday, March 20th. MKM Partners reiterated a “neutral” rating and set a $48.00 price target (up previously from $45.00) on shares of Oracle Corporation in a research note on Friday, June 23rd. Cowen and Company reiterated an “outperform” rating and set a $55.00 price target (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. Bank of America Corporation reiterated a “buy” rating and set a $62.00 price target (up previously from $54.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a research note on Friday, April 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.52.
In other news, CEO Mark V. Hurd sold 350,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $49.76, for a total value of $17,416,000.00. Following the completion of the sale, the chief executive officer now directly owns 553,891 shares in the company, valued at $27,561,616.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 103,520 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $45.01, for a total value of $4,659,435.20. Following the completion of the sale, the chief executive officer now owns 565,380 shares of the company’s stock, valued at $25,447,753.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,561,351 shares of company stock valued at $75,910,784. 29.00% of the stock is currently owned by corporate insiders.
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.
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