Oracle Co. (ORCL) Position Cut by Texas Yale Capital Corp.
Texas Yale Capital Corp. reduced its position in Oracle Co. (NYSE:ORCL) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 60,278 shares of the enterprise software provider’s stock after selling 907 shares during the period. Texas Yale Capital Corp.’s holdings in Oracle were worth $2,318,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC increased its stake in Oracle by 0.6% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,226 shares of the enterprise software provider’s stock worth $166,000 after buying an additional 25 shares in the last quarter. Alpha Windward LLC increased its stake in Oracle by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock worth $197,000 after buying an additional 44 shares in the last quarter. Capital Asset Advisory Services LLC increased its stake in Oracle by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock worth $244,000 after buying an additional 55 shares in the last quarter. Girard Partners LTD. increased its stake in Oracle by 0.6% in the third quarter. Girard Partners LTD. now owns 14,175 shares of the enterprise software provider’s stock worth $557,000 after buying an additional 88 shares in the last quarter. Finally, Highland Private Wealth Management increased its stake in Oracle by 1.2% in the fourth quarter. Highland Private Wealth Management now owns 7,385 shares of the enterprise software provider’s stock worth $284,000 after buying an additional 91 shares in the last quarter. Institutional investors own 57.95% of the company’s stock.
Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. The company has a 50-day moving average price of $41.91 and a 200-day moving average price of $40.00. Oracle Co. has a 52 week low of $37.62 and a 52 week high of $46.99. The stock has a market cap of $185.55 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14.
Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities research analysts anticipate that Oracle Co. will post $2.64 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 12th will be given a $0.19 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. Oracle’s payout ratio is presently 28.99%.
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A number of research firms recently commented on ORCL. Wunderlich reiterated a “hold” rating and issued a $46.00 target price (up from $43.00) on shares of Oracle in a research report on Monday. Pacific Crest reiterated an “equal weight” rating on shares of Oracle in a research report on Monday. Vetr upgraded Oracle from a “hold” rating to a “buy” rating and set a $47.09 target price on the stock in a research report on Monday. DA Davidson set a $52.00 target price on Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 13th. Finally, Barclays PLC boosted their target price on Oracle from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.81.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total value of $1,742,400.00. Following the sale, the director now owns 52,654 shares of the company’s stock, valued at $2,038,762.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 31,750 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $45.80, for a total value of $1,454,150.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,188,000 shares of company stock worth $54,809,425. 29.00% of the stock is owned by corporate insiders.
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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