Oracle Co. (ORCL) Holdings Trimmed by Cannell Peter B & Co. Inc.
Cannell Peter B & Co. Inc. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 37.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,250 shares of the enterprise software provider’s stock after selling 3,700 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Oracle were worth $275,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of ORCL. Two Sigma Advisers LP increased its position in shares of Oracle by 738.5% in the fourth quarter. Two Sigma Advisers LP now owns 588,484 shares of the enterprise software provider’s stock worth $27,824,000 after acquiring an additional 518,300 shares in the last quarter. Anchor Capital Advisors LLC acquired a new stake in shares of Oracle in the first quarter worth $1,464,000. KLCM Advisors Inc. increased its position in shares of Oracle by 2.2% in the fourth quarter. KLCM Advisors Inc. now owns 339,272 shares of the enterprise software provider’s stock worth $16,041,000 after acquiring an additional 7,229 shares in the last quarter. Pitcairn Co. increased its position in shares of Oracle by 13.7% in the second quarter. Pitcairn Co. now owns 32,418 shares of the enterprise software provider’s stock worth $1,428,000 after acquiring an additional 3,898 shares in the last quarter. Finally, Roof Advisory Group Inc. acquired a new stake in shares of Oracle in the first quarter worth $4,108,000. 55.78% of the stock is currently owned by institutional investors.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction on Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,345,029.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $44.62, for a total transaction of $17,848,000.00. Following the transaction, the insider now owns 400,000 shares in the company, valued at $17,848,000. The disclosure for this sale can be found here. Insiders have sold a total of 550,500 shares of company stock worth $24,719,865 over the last quarter. 29.00% of the stock is currently owned by insiders.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. The business had revenue of $11.26 billion during the quarter, compared to analyst estimates of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. equities analysts forecast that Oracle Co. will post 3.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. Oracle’s dividend payout ratio (DPR) is 26.95%.
Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. lowered shares of Oracle from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $53.00 in a research report on Thursday, June 14th. Societe Generale set a $50.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a research report on Tuesday, August 14th. Credit Suisse Group reissued a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research report on Thursday, June 7th. Finally, Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.56.
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.
See Also: NASDAQ
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.