BTR Capital Management Inc. Sells 3,725 Shares of Oracle Corporation (ORCL)
BTR Capital Management Inc. cut its position in Oracle Corporation (NYSE:ORCL) by 1.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 220,960 shares of the enterprise software provider’s stock after selling 3,725 shares during the quarter. Oracle Corporation makes up approximately 2.3% of BTR Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. BTR Capital Management Inc.’s holdings in Oracle Corporation were worth $11,079,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Boston Partners lifted its holdings in shares of Oracle Corporation by 20.1% during the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after purchasing an additional 3,054,765 shares during the last quarter. Lockheed Martin Investment Management Co. grew its stake in Oracle Corporation by 21.4% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock worth $3,286,000 after buying an additional 13,000 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in Oracle Corporation during the 1st quarter worth $1,522,000. Private Advisor Group LLC grew its stake in Oracle Corporation by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 100,194 shares of the enterprise software provider’s stock worth $4,459,000 after buying an additional 10,588 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. grew its stake in Oracle Corporation by 3.2% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 104,379 shares of the enterprise software provider’s stock worth $4,656,000 after buying an additional 3,246 shares during the last quarter. Institutional investors and hedge funds own 58.66% of the company’s stock.
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Oracle Corporation (ORCL) traded up 0.483% during trading on Wednesday, hitting $48.925. The stock had a trading volume of 8,347,807 shares. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The firm has a market cap of $204.17 billion, a price-to-earnings ratio of 21.281 and a beta of 1.05. The stock’s 50-day moving average is $49.53 and its 200 day moving average is $47.47.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. Equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.
Several brokerages recently issued reports on ORCL. OTR Global raised Oracle Corporation to a “positive” rating in a research report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Wedbush lowered their price target on Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Tuesday, June 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $54.00 price target on shares of Oracle Corporation in a report on Tuesday, June 13th. Finally, BidaskClub lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.37.
In other Oracle Corporation news, EVP Dorian Daley sold 23,297 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the transaction, the executive vice president now owns 54,274 shares of the company’s stock, valued at approximately $2,659,426. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $911,687.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 979,073 shares of company stock worth $48,914,665. 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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