Trust Co. of Virginia VA decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 13.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,505 shares of the enterprise software provider’s stock after selling 2,069 shares during the period. Trust Co. of Virginia VA’s holdings in Oracle were worth $595,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Cedar Capital LLC grew its stake in shares of Oracle by 47.7% during the second quarter. Cedar Capital LLC now owns 45,226 shares of the enterprise software provider’s stock worth $1,993,000 after acquiring an additional 14,611 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of Oracle by 26.6% during the second quarter. Essex Financial Services Inc. now owns 10,424 shares of the enterprise software provider’s stock worth $459,000 after acquiring an additional 2,188 shares during the last quarter. Greenleaf Trust grew its stake in shares of Oracle by 4.7% during the second quarter. Greenleaf Trust now owns 39,065 shares of the enterprise software provider’s stock worth $1,721,000 after acquiring an additional 1,745 shares during the last quarter. Linscomb & Williams Inc. grew its stake in shares of Oracle by 10.2% during the second quarter. Linscomb & Williams Inc. now owns 28,031 shares of the enterprise software provider’s stock worth $1,235,000 after acquiring an additional 2,597 shares during the last quarter. Finally, Rational Advisors LLC grew its stake in shares of Oracle by 81.1% during the second quarter. Rational Advisors LLC now owns 45,570 shares of the enterprise software provider’s stock worth $2,007,000 after acquiring an additional 20,411 shares during the last quarter. Institutional investors and hedge funds own 55.36% of the company’s stock.

A number of equities research analysts recently commented on ORCL shares. Societe Generale set a $50.00 target price on Oracle and gave the stock a “neutral” rating in a report on Tuesday, August 14th. UBS Group downgraded Oracle from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $53.00 to $48.00 in a report on Wednesday, June 20th. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a report on Monday, June 25th. TheStreet raised Oracle from a “c+” rating to a “b” rating in a report on Tuesday, June 19th. Finally, ValuEngine downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.56.

In other news, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $48.09, for a total value of $2,164,050.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,345,029.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $46.17, for a total value of $173,137.50. Following the completion of the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,291,328.73. The disclosure for this sale can be found here. Insiders sold 550,500 shares of company stock valued at $24,719,865 over the last three months. 29.00% of the stock is currently owned by corporate insiders.

Shares of NYSE:ORCL opened at $49.26 on Friday. Oracle Co. has a 12-month low of $42.57 and a 12-month high of $53.48. The company has a market capitalization of $202.01 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.64 and a beta of 1.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 3.96.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The company had revenue of $11.26 billion during the quarter, compared to the consensus estimate of $11.17 billion. During the same period in the previous year, the company posted $0.89 earnings per share. Oracle’s revenue for the quarter was up 2.9% on a year-over-year basis. sell-side analysts anticipate that Oracle Co. will post 3.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Monday, July 16th. Oracle’s payout ratio is presently 26.95%.

Oracle 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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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