Oracle Corp. (ORCL) Shares Sold by Commerce Bank
Commerce Bank reduced its position in Oracle Corp. (NYSE:ORCL) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 827,092 shares of the enterprise software provider’s stock after selling 1,236 shares during the period. Commerce Bank’s holdings in Oracle Corp. were worth $33,853,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC bought a new stake in shares of Oracle Corp. during the second quarter worth approximately $102,000. FCM Investments TX increased its stake 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. Proficio Capital Partners LLC increased its stake in shares of Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in shares of Oracle Corp. by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock valued at $142,000 after buying an additional 99 shares during the period. Finally, Ironwood Financial llc purchased a new stake in shares of Oracle Corp. during the first quarter valued at about $147,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded down 0.217% on Tuesday, hitting $39.145. 7,470,795 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 has a market capitalization of $161.24 billion, a PE ratio of 18.596 and a beta of 1.08. The stock has a 50 day moving average of $40.93 and a 200 day moving average of $40.34.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.22% and a net margin of 24.16%. The firm had revenue of $8.60 billion for the quarter. During the same period in the previous year, the business posted $0.53 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Oracle Corp. will post $2.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
Several brokerages have issued reports on ORCL. DA Davidson reissued a “buy” rating and set a $52.00 target price on shares of Oracle Corp. in a research note on Saturday. Rosenblatt Securities set a $48.00 target price on shares of Oracle Corp. and gave the company a “buy” rating in a research note on Saturday. SunTrust Banks Inc. set a $48.00 target price on shares of Oracle Corp. and gave the company a “buy” rating in a research note on Saturday. Citigroup Inc. reissued a “hold” rating on shares of Oracle Corp. in a research note on Saturday, June 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $41.00 price target on shares of Oracle Corp. in a research note on Wednesday, June 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $44.88.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John F. Fowler sold 500,000 shares of the 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 sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
Oracle Corp. 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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