Oracle Corp. (ORCL) Shares Sold by Capital City Trust Co. FL
Capital City Trust Co. FL cut its position in Oracle Corp. (NYSE:ORCL) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,681 shares of the enterprise software provider’s stock after selling 1,616 shares during the period. Oracle Corp. makes up approximately 1.2% of Capital City Trust Co. FL’s holdings, making the stock its 25th largest position. Capital City Trust Co. FL’s holdings in Oracle Corp. were worth $3,057,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Cribstone Capital Management LLC purchased a new position in shares of Oracle Corp. during the second quarter valued at approximately $102,000. FCM Investments TX raised 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 valued at $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 valued at approximately $147,000. Gardner Russo & Gardner LLC purchased a new position in shares of Oracle Corp. during the first quarter valued at approximately $205,000. Finally, Natixis purchased a new position in shares of Oracle Corp. during the first quarter valued at approximately $230,000. Institutional investors and hedge funds own 58.00% of the company’s stock.
Shares of Oracle Corp. (NYSE:ORCL) traded down 4.75% during mid-day trading on Friday, hitting $38.92. The company had a trading volume of 50,703,487 shares. The firm has a market capitalization of $160.46 billion, a price-to-earnings ratio of 18.80 and a beta of 1.08. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The firm has a 50-day moving average price of $41.07 and a 200 day moving average price of $40.28.
Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Zacks’ 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 22.22%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. Analysts expect that Oracle Corp. will post $2.65 earnings per share for the current 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio is presently 28.57%.
Several equities research analysts recently weighed in on ORCL shares. Citigroup Inc. restated a “hold” rating on shares of Oracle Corp. in a report on Saturday, June 18th. BMO Capital Markets dropped their target price on Oracle Corp. from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank Of Canada dropped their target price on Oracle Corp. from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday. William Blair restated a “market perform” rating on shares of Oracle Corp. in a report on Friday. Finally, Nomura increased their target price on Oracle Corp. from $44.00 to $45.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.89.
In related news, Director Michael J. Boskin sold 75,000 shares of the firm’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $40.00, for a total value of $3,000,000.00. Following the transaction, the director now directly owns 82,812 shares of the company’s stock, valued at approximately $3,312,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were 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 directly owns 119,645 shares in the company, valued at $4,925,784.65. The disclosure for this sale can be found here. 28.00% 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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