Stockman Wealth Management Inc. Trims Stock Position in Oracle Co. (NYSE:ORCL)

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Stockman Wealth Management Inc. cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,214 shares of the enterprise software provider’s stock after selling 4,328 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Oracle were worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Oracle by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,351,607 shares of the enterprise software provider’s stock valued at $377,074,000 after purchasing an additional 393,223 shares during the period. Metropolis Capital Ltd increased its position in shares of Oracle by 3.3% in the 1st quarter. Metropolis Capital Ltd now owns 696,911 shares of the enterprise software provider’s stock valued at $37,431,000 after buying an additional 22,497 shares in the last quarter. First American Trust FSB increased its position in shares of Oracle by 1.8% in the 1st quarter. First American Trust FSB now owns 98,078 shares of the enterprise software provider’s stock valued at $5,268,000 after buying an additional 1,764 shares in the last quarter. We Are One Seven LLC increased its position in shares of Oracle by 64.2% in the 1st quarter. We Are One Seven LLC now owns 43,681 shares of the enterprise software provider’s stock valued at $2,346,000 after buying an additional 17,086 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. increased its position in shares of Oracle by 876.9% in the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 100,264 shares of the enterprise software provider’s stock valued at $551,000 after buying an additional 90,000 shares in the last quarter. Institutional investors own 53.71% of the company’s stock.

NYSE:ORCL traded up $0.20 during mid-day trading on Tuesday, hitting $52.33. The stock had a trading volume of 555,996 shares, compared to its average volume of 10,344,417. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The stock has a market cap of $173.90 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.51 and a beta of 1.15. The company’s 50 day simple moving average is $56.02 and its 200 day simple moving average is $54.34. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The business had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same period last year, the business posted $0.99 EPS. Oracle’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 3.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 annualized dividend and a yield of 1.83%. Oracle’s dividend payout ratio (DPR) is currently 30.38%.

A number of equities analysts have issued reports on ORCL shares. William Blair reiterated a “market perform” rating on shares of Oracle in a report on Thursday, June 20th. ValuEngine cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $56.00 to $55.00 in a report on Tuesday, June 18th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “market perform” rating and set a $59.00 target price (up previously from $53.00) on shares of Oracle in a report on Thursday, June 20th. Finally, Barclays increased their target price on Oracle from $55.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.14.

In other Oracle news, Director Michael J. Boskin sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.65, for a total transaction of $8,497,500.00. Following the completion of the sale, the director now directly owns 134,796 shares in the company, valued at $7,636,193.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the sale, the chief executive officer now owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The disclosure for this sale can be found here. Insiders sold a total of 1,352,500 shares of company stock valued at $76,708,925 over the last quarter. 32.00% of the stock is currently owned by company insiders.

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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