Oracle Corporation (NYSE:ORCL) Stake Cut by Dubuque Bank & Trust Co.
Dubuque Bank & Trust Co. reduced its position in Oracle Corporation (NYSE:ORCL) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,290 shares of the enterprise software provider’s stock after selling 6,594 shares during the period. Oracle Corporation comprises 1.6% of Dubuque Bank & Trust Co.’s portfolio, making the stock its 18th largest position. Dubuque Bank & Trust Co.’s holdings in Oracle Corporation were worth $7,536,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of ORCL. Patriot Wealth Management Inc. acquired a new stake in Oracle Corporation during the second quarter valued at approximately $4,506,000. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Oracle Corporation by 9.8% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,830 shares of the enterprise software provider’s stock valued at $493,000 after buying an additional 880 shares in the last quarter. Baystate Wealth Management LLC raised its stake in 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 valued at $123,000 after buying an additional 206 shares in the last quarter. Oakbrook Investments LLC raised its stake in Oracle Corporation by 202.0% in the second quarter. Oakbrook Investments LLC now owns 129,405 shares of the enterprise software provider’s stock valued at $6,488,000 after buying an additional 86,550 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Oracle Corporation by 3.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 144,593 shares of the enterprise software provider’s stock valued at $7,248,000 after buying an additional 4,195 shares in the last quarter. 58.79% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (ORCL) traded up 1.109% on Monday, hitting $48.775. The stock had a trading volume of 3,884,496 shares. The company’s 50 day moving average is $50.10 and its 200 day moving average is $45.40. The firm has a market cap of $201.77 billion, a PE ratio of 22.070 and a beta of 1.06. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same period last year, the business earned $0.81 earnings per share. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.
Several equities research analysts recently issued reports on ORCL shares. Benchmark Co. started coverage on shares of Oracle Corporation in a report on Thursday, April 27th. They issued a “buy” rating and a $55.00 target price for the company. Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Canaccord Genuity reissued a “buy” rating and issued a $49.00 target price on shares of Oracle Corporation in a report on Friday, May 26th. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a report on Friday, May 19th. Finally, Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the stock. Oracle Corporation currently has an average rating of “Buy” and a consensus target price of $50.70.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $911,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the transaction, the insider now owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The disclosure for this sale can be found here. Insiders sold 1,813,750 shares of company stock valued at $91,377,700 over the last 90 days. 29.00% of the stock is owned by company insiders.
About Oracle Corporation
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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