Stephens Inc. AR decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 159,555 shares of the enterprise software provider’s stock after selling 9,075 shares during the period. Stephens Inc. AR’s holdings in Oracle were worth $9,090,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ORCL. Evolution Wealth Advisors LLC raised its position in shares of 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 acquired a new position in shares of Oracle in the 1st quarter valued at approximately $30,000. Covenant Multifamily Offices LLC acquired a new position in shares of Oracle in the 1st quarter valued at approximately $35,000. Clarfeld Financial Advisors LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $39,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Oracle in the 2nd quarter valued at approximately $40,000. 54.23% of the stock is owned by institutional investors and hedge funds.

In other Oracle news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the sale, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at approximately $10,127,149.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the sale, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,352,500 shares of company stock worth $76,708,925 over the last three months. Insiders own 32.00% of the company’s stock.

ORCL stock traded up $0.16 during trading on Thursday, reaching $52.48. 335,872 shares of the company were exchanged, compared to its average volume of 10,297,502. The business’s 50-day moving average is $57.26. The company has a market capitalization of $177.57 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. Oracle Co. has a twelve month low of $42.40 and a twelve 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.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analysts’ expectations of $10.93 billion. During the same period in the prior year, the company earned $0.99 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 3.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, July 16th. Oracle’s payout ratio is 30.38%.

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. UBS Group restated a “neutral” rating and issued a $54.00 target price on shares of Oracle in a research report on Friday, June 14th. BMO Capital Markets restated a “market perform” rating and issued a $59.00 target price (up from $53.00) on shares of Oracle in a research report on Thursday, June 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research report on Tuesday, June 18th. Finally, Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Oracle presently has an average rating of “Hold” and a consensus price target of $54.76.

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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