Chartwell Investment Partners LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,848 shares of the enterprise software provider’s stock after selling 977 shares during the period. Chartwell Investment Partners LLC’s holdings in Oracle were worth $6,016,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hexavest Inc. bought a new position in shares of Oracle during the first quarter worth approximately $53,584,000. Fulton Bank N. A. raised its holdings in Oracle by 352.0% in the 2nd quarter. Fulton Bank N. A. now owns 56,390 shares of the enterprise software provider’s stock valued at $3,117,000 after acquiring an additional 43,914 shares in the last quarter. Summit Financial Group Inc. bought a new stake in shares of Oracle during the 2nd quarter valued at $222,000. Vident Investment Advisory LLC lifted its position in shares of Oracle by 522.8% during the 1st quarter. Vident Investment Advisory LLC now owns 55,200 shares of the enterprise software provider’s stock valued at $2,667,000 after acquiring an additional 46,337 shares during the period. Finally, Balentine LLC acquired a new stake in shares of Oracle during the 1st quarter worth $31,000. Institutional investors and hedge funds own 48.10% of the company’s stock.
In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $54.08, for a total transaction of $21,632,000.00. Following the completion of the sale, the insider now directly owns 400,000 shares in the company, valued at $21,632,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward Screven sold 700,000 shares of Oracle stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $54.14, for a total transaction of $37,898,000.00. Following the transaction, the insider now directly owns 3,001,419 shares of the company’s stock, valued at approximately $162,496,824.66. The disclosure for this sale can be found here. In the last three months, insiders sold 7,300,000 shares of company stock valued at $396,376,000. Insiders own 36.60% of the company’s stock.
NYSE:ORCL opened at $55.45 on Friday. Oracle Co. has a one year low of $39.71 and a one year high of $57.88. The company has a debt-to-equity ratio of 5.44, a current ratio of 3.03 and a quick ratio of 3.03. The company has a market cap of $170.16 billion, a PE ratio of 17.89, a P/E/G ratio of 1.40 and a beta of 0.87. The firm’s 50 day simple moving average is $55.15 and its 200 day simple moving average is $52.88.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 16th. The enterprise software provider reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.12. The firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.72 billion. Oracle had a net margin of 25.94% and a return on equity of 72.76%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 earnings per share. Equities research analysts expect that Oracle Co. will post 3.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Wednesday, July 15th were given a $0.24 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. Oracle’s dividend payout ratio (DPR) is presently 27.75%.
Several equities research analysts recently weighed in on ORCL shares. Sanford C. Bernstein reaffirmed a “buy” rating and set a $59.00 price objective on shares of Oracle in a research report on Monday, June 8th. Argus lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, June 19th. BNP Paribas downgraded shares of Oracle from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research report on Monday, June 1st. Citigroup upped their target price on Oracle from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Finally, Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $55.34.
Oracle Company Profile
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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