Oracle Corporation (ORCL) Position Lowered by Jag Capital Management LLC
Jag Capital Management LLC lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,051 shares of the enterprise software provider’s stock after selling 700 shares during the period. Jag Capital Management LLC’s holdings in Oracle Corporation were worth $1,808,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ORCL. Reilly Financial Advisors LLC raised its position in Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in 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 valued at $112,000 after buying an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares in the last quarter. Baystate Wealth Management LLC raised its position 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. Finally, State of Alaska Department of Revenue bought a new position in Oracle Corporation during the second quarter valued at $129,000. Institutional investors and hedge funds own 58.67% of the company’s stock.
Oracle Corporation (NYSE ORCL) traded up 0.47% on Wednesday, reaching $49.68. 2,256,654 shares of the company traded hands. The stock has a market capitalization of $205.51 billion, a PE ratio of 22.48 and a beta of 1.06. The firm has a 50 day moving average of $49.77 and a 200-day moving average of $46.03. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Oracle Corporation will post $2.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. Oracle Corporation’s dividend payout ratio is presently 34.55%.
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ORCL has been the topic of several research reports. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, June 15th. Goldman Sachs Group, Inc. (The) set a $49.00 price objective on shares of Oracle Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Canaccord Genuity reiterated a “buy” rating and issued a $49.00 price objective on shares of Oracle Corporation in a research note on Friday, May 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Vetr upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.81.
In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the sale, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $807,831.25. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,560,925 over the last 90 days. 29.00% of the stock is currently owned by corporate 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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