Reilly Financial Advisors LLC Trims Stock Holdings in Oracle Co. (NYSE:ORCL)
Reilly Financial Advisors LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,663 shares of the enterprise software provider’s stock after selling 4,821 shares during the period. Reilly Financial Advisors LLC’s holdings in Oracle were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in ORCL. Evolution Wealth Advisors LLC grew its stake in Oracle by 346.0% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 346 shares in the last quarter. Investors Research Corp purchased a new position in Oracle in the 1st quarter valued at approximately $30,000. Covenant Multifamily Offices LLC purchased a new position in Oracle in the 1st quarter valued at approximately $35,000. ERTS Wealth Advisors LLC purchased a new position in Oracle in the 4th quarter valued at approximately $36,000. Finally, Clarfeld Financial Advisors LLC purchased a new position in Oracle in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 54.26% of the company’s stock.
A number of research analysts recently weighed in on the stock. Wells Fargo & Co reiterated an “outperform” rating on shares of Applied Materials in a research note on Thursday, June 20th. Morgan Stanley reduced their price target on shares of Tesla from $97.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 21st. Barclays restated a “hold” rating and set a $14.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, June 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,700 ($22.21) price target on shares of in a research report on Tuesday, June 18th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$17.00 price target on shares of Wajax in a research report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $54.58.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Equities analysts anticipate that Oracle Co. will post 3.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, July 16th. Oracle’s dividend payout ratio is presently 30.38%.
In other news, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the completion of the transaction, the chief executive officer now directly owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO W Corey West sold 50,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the transaction, the chief accounting officer now directly owns 85,348 shares of the company’s stock, valued at $4,800,825. The disclosure for this sale can be found here. Insiders sold 1,956,250 shares of company stock valued at $109,889,375 over the last three months. 32.00% of the stock is currently owned by insiders.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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