Baldwin Investment Management LLC Trims Holdings in Oracle Corporation (ORCL)
Baldwin Investment Management LLC reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,150 shares of the enterprise software provider’s stock after selling 300 shares during the period. Baldwin Investment Management LLC’s holdings in Oracle Corporation were worth $258,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Burt Wealth Advisors increased its stake in shares of Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Oracle Corporation in the second quarter worth $129,000. Finally, Cribstone Capital Management LLC increased its stake in shares of Oracle Corporation by 5.0% in the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock worth $131,000 after purchasing an additional 124 shares in the last quarter. 58.05% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock valued at $14,821,999 over the last three months. Corporate insiders own 29.00% of the company’s stock.
Oracle Corporation (NYSE:ORCL) opened at $48.94 on Friday. The company has a market cap of $205,340.00, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. equities research analysts anticipate that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is currently 33.19%.
A number of brokerages have recently issued reports on ORCL. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday. Vetr upgraded shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 target price for the company in a research report on Monday, November 13th. UBS AG restated a “neutral” rating and set a $55.00 target price (down previously from $57.00) on shares of Oracle Corporation in a research report on Thursday, November 9th. BidaskClub lowered shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Oracle Corporation in a research report on Sunday, October 22nd. Eleven research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $54.95.
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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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