US Bancorp DE Trims Holdings in Oracle Co. (NYSE:ORCL)

US Bancorp DE cut its holdings in Oracle Co. (NYSE:ORCL) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,626,558 shares of the enterprise software provider’s stock after selling 51,350 shares during the quarter. US Bancorp DE’s holdings in Oracle were worth $92,665,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Evolution Wealth Advisors LLC grew its position in Oracle by 346.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. Investors Research Corp purchased a new stake in Oracle during the 1st quarter valued at about $30,000. Covenant Multifamily Offices LLC purchased a new stake in Oracle during the 1st quarter valued at about $35,000. Next Capital Management LLC purchased a new stake in Oracle during the 2nd quarter valued at about $36,000. Finally, Shamrock Asset Management LLC grew its position in Oracle by 577.0% during the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 577 shares during the last quarter. 53.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ORCL traded down $0.15 during trading on Friday, hitting $53.75. The company’s stock had a trading volume of 8,680,180 shares, compared to its average volume of 9,948,703. The company has a 50-day moving average of $54.15 and a 200-day moving average of $54.46. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The firm has a market cap of $185.04 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.62 and a beta of 1.18.



Oracle (NYSE:ORCL) last released its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter last year, the business earned $0.71 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Oracle Co. will post 3.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s payout ratio is 30.38%.

In other Oracle news, Director Naomi O. Seligman sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the sale, the director now owns 82,310 shares in the company, valued at approximately $4,899,091.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the sale, the chief executive officer now owns 1,038,755 shares in the company, valued at approximately $53,807,509. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,140,000 shares of company stock worth $117,501,425. 32.00% of the stock is owned by company insiders.

ORCL has been the topic of several research analyst reports. Morgan Stanley upped their target price on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Monness Crespi & Hardt restated a “hold” rating on shares of Oracle in a research note on Tuesday. Macquarie cut shares of Oracle from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $56.00 to $55.00 in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Goldman Sachs Group set a $62.00 target price on shares of Oracle and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays lowered their target price on shares of Oracle from $59.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.88.

Oracle 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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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