Oracle Corporation (ORCL) Shares Sold by Trillium Asset Management LLC
Trillium Asset Management LLC cut its holdings in Oracle Corporation (NYSE:ORCL) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,903 shares of the enterprise software provider’s stock after selling 1,272 shares during the period. Trillium Asset Management LLC’s holdings in Oracle were worth $576,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Klingenstein Fields & Co. LLC lifted its holdings in shares of Oracle by 2,768.6% in the 3rd quarter. Klingenstein Fields & Co. LLC now owns 191,591 shares of the enterprise software provider’s stock worth $9,263,000 after buying an additional 184,912 shares during the period. Parkwood LLC lifted its stake in shares of Oracle by 17.0% during the 3rd quarter. Parkwood LLC now owns 82,073 shares of the enterprise software provider’s stock worth $3,968,000 after purchasing an additional 11,897 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Oracle by 10.0% during the 3rd quarter. American Century Companies Inc. now owns 12,620,157 shares of the enterprise software provider’s stock worth $610,185,000 after purchasing an additional 1,147,155 shares during the last quarter. First Personal Financial Services lifted its stake in shares of Oracle by 5.5% during the 3rd quarter. First Personal Financial Services now owns 93,405 shares of the enterprise software provider’s stock worth $4,516,000 after purchasing an additional 4,843 shares during the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Oracle by 9.1% during the 3rd quarter. Gabelli Funds LLC now owns 12,000 shares of the enterprise software provider’s stock worth $580,000 after purchasing an additional 1,000 shares during the last quarter. 57.89% of the stock is currently owned by institutional investors.
In other news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00. The disclosure for this sale can be found here. Insiders have sold 111,250 shares of company stock valued at $5,306,238 over the last 90 days. Insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (ORCL) opened at $48.47 on Friday. The company has a market capitalization of $202,290.00, a price-to-earnings ratio of 20.80, a PEG ratio of 1.82 and a beta of 1.05. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Corporation has a twelve month low of $38.38 and a twelve month high of $53.14.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.
Oracle announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. Oracle’s dividend payout ratio is presently 32.62%.
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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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