Wilson & Boucher Capital Management LLC reduced its holdings in Oracle Co. (NYSE:ORCL – Get Rating) by 2.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,300 shares of the enterprise software provider’s stock after selling 500 shares during the period. Oracle comprises approximately 1.3% of Wilson & Boucher Capital Management LLC’s portfolio, making the stock its 24th largest holding. Wilson & Boucher Capital Management LLC’s holdings in Oracle were worth $1,209,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Oracle in the 4th quarter worth about $947,274,000. Aaron Wealth Advisors LLC increased its holdings in shares of Oracle by 26,472.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,381,465 shares of the enterprise software provider’s stock worth $28,786,000 after acquiring an additional 2,372,503 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Oracle by 93.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,068,310 shares of the enterprise software provider’s stock worth $336,571,000 after acquiring an additional 1,967,853 shares during the period. Nordea Investment Management AB increased its holdings in shares of Oracle by 44.3% in the 1st quarter. Nordea Investment Management AB now owns 6,366,409 shares of the enterprise software provider’s stock worth $531,468,000 after acquiring an additional 1,953,713 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Oracle by 1.6% in the 4th quarter. BlackRock Inc. now owns 119,247,252 shares of the enterprise software provider’s stock worth $10,399,550,000 after acquiring an additional 1,886,260 shares during the period. 41.92% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.10% of the stock is currently owned by insiders.
Oracle Stock Down 1.7 %
Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). Oracle had a net margin of 13.15% and a negative return on equity of 161.07%. The firm had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.44 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 4.13 EPS for the current fiscal year.
Oracle Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Wednesday, October 12th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, October 11th. Oracle’s dividend payout ratio (DPR) is currently 60.95%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ORCL shares. Cowen dropped their price objective on shares of Oracle from $107.00 to $98.00 in a report on Thursday, June 9th. BMO Capital Markets raised their target price on shares of Oracle from $86.00 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, September 13th. BNP Paribas raised shares of Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Wednesday, June 29th. Stifel Nicolaus lowered their target price on shares of Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. Finally, Guggenheim started coverage on shares of Oracle in a research note on Friday, August 12th. They set a “buy” rating and a $107.00 target price on the stock. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Hold” and a consensus price target of $88.67.
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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