Oracle Corporation (ORCL) Shares Sold by Hourglass Capital LLC
Hourglass Capital LLC decreased its stake in Oracle Corporation (NYSE:ORCL) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,467 shares of the enterprise software provider’s stock after selling 930 shares during the period. Oracle Corporation makes up 1.8% of Hourglass Capital LLC’s portfolio, making the stock its 24th largest holding. Hourglass Capital LLC’s holdings in Oracle Corporation were worth $7,244,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in ORCL. Alpha Windward LLC lifted its position in Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after purchasing an additional 19 shares during the period. Joel Isaacson & Co. LLC lifted its position in Oracle Corporation by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after purchasing an additional 24 shares during the period. Partnervest Advisory Services LLC lifted its position in Oracle Corporation by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after purchasing an additional 39 shares during the period. Pointe Capital Management LLC lifted its position in Oracle Corporation by 0.4% in the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock worth $524,000 after purchasing an additional 45 shares during the period. Finally, Bell Bank lifted its position in Oracle Corporation by 0.9% in the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 57.95% of the company’s stock.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now owns 18,125 shares in the company, valued at approximately $912,593.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,776 shares of company stock worth $14,822,112. Company insiders own 29.00% of the company’s stock.
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Several brokerages recently commented on ORCL. BidaskClub cut Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Vetr cut Oracle Corporation from a “buy” rating to a “hold” rating and set a $51.74 target price for the company. in a research report on Monday, October 30th. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 target price on shares of Oracle Corporation in a research report on Monday, October 2nd. Zacks Investment Research raised Oracle Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.73.
Shares of Oracle Corporation (NYSE ORCL) opened at $50.18 on Friday. The company has a market capitalization of $209,425.52, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. equities research analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.
Oracle Corporation 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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